BEARISH: BTC JUST LOST $80K SUPPORT
š BTC BROKEĀ 80,000ā80,000ā75,000 IS THE NEXT STOP IF THIS HOLDS
Bitcoin fell 1.4% toĀ $79,807Ā and is now trading BELOW what was seen as a key support levelĀ .
Why this is happening RIGHT NOW:
Driver Impact CLARITY Act uncertaintyMarket frozen, waiting for outcomeĀ Hot CPI at 3.8% Rate cuts off the table for 2026Ā Iran war pushing oil higherInflation stays hotĀ Bipartisan talks failed overnightAdded selling pressureĀ
The technical setup (from CoinDesk):
BTC broke the April uptrend line near the 200-day moving averageĀ
This raises risk ofĀ momentum-driven selling toward $75,000Ā
The 200-day average at $82,000 is now the level to beat for any bullish revivalĀ
What analysts are saying:
A weekly close below $80k "could reopen the consolidation zone that previously capped Bitcoin recovery attempts"Ā .
šĀ Are you buying this dip or waiting for $75k?
#bitcoin #BTC #TechnicalAnalysis #cryptocrash $BTC
