Potential Decline to $80K for Bitcoin if Crucial Threshold is not Soon Recovered

Following a temporary upturn, Bitcoin is faced with two primary obstacles: retaking dominance over its resistance level and handling deteriorating on-chain metrics. The daily chart illustrates a clear rebound from the $80K demand sector, yet the cryptocurrency remains confined in a descending channel. The $90K-$95K area is a critically pivotal short-term region, and a clean break above it could indicate a change in trend. However, the wider trend cannot turn bullish until Bitcoin exceeds the now $108K moving averages. The 4-hour chart shows a potential breakout and retest from a descending trendline. A solid push above $94K could quickly pave the way for targets over $100K. However, if the $90K level is not maintained, a fall back to the $80K zone is plausible. On-chain metrics reveal that active Bitcoin addresses have been declining since February 2025, suggesting a decreasing number of participants, possibly whales or institutional traders, driving the recent...