Key bitcoin price levels to watch as downward pressure builds As bitcoin remains in a downtrend, several technical and onchain levels stand out as critical areas of support
The 100-week moving average at $87,145 remains the main line of defense. Below this, the cost basis of U.S. spot bitcoin ETF buyers at $84,099 has provided support during recent consolidation. A sustained break below $80,000 would likely open the door to a revisit of the April 2025 low near $76,000.
Bitcoin BTC $87,895.11 fell to as low as $86,000 when CME futures opened on Sunday after the weekend pause. It's since recovered slightly, though the market structure remains firmly in a downtrend.
This initial drop created a pricing gap extending as high as $89,265. A CME gap forms when bitcoin’s spot price moves while CME futures are closed. Historically, bitcoin has shown a tendency to revisit these gaps.
A break below $80,000 would probably introduce a revisit of April 2025 levels, when bitcoin traded as low as $76,000 during the selloff linked to President Donald Trump’s tariff drive.
For now, the key level holding the market together is the 100-week moving average, which represents the average closing price over the that period and is often viewed as a long-term structural support. Since the local bottom on Nov. 21 at $80,000, the price has consistently held this level, which is currently near $87,145 $BTC {spot}(BTCUSDT) $ETH {spot}(ETHUSDT) $BNB {spot}(BNBUSDT)
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