Bitcoin News Today: Bitcoin Faces Rising $80K Retest Risk as Nasdaq Rebound Loses MomentumBitcoin's recent rally shows signs of weakness, indicating potential challenges ahead for investors in the cryptocurrency market.
Bitcoin’s recent recovery rally is showing signs of fatigue as weakening signals from U.S. equities and bond-market volatility indicators raise caution for bulls. With the Nasdaq stalling and Treasury volatility threatening to rebound, analysts warn that BTC may be vulnerable to a renewed pullback toward the $80,000 zone.
Key Takeaways
Bitcoin has slipped from $93,000 to below $90,000 despite a softer U.S. dollar following the Federal Reserve’s rate cut.
The Nasdaq printed a bearish engulfing candle, signaling potential downside volatility in risk assets.
The MOVE index suggests rising Treasury volatility, a historical headwind for Bitcoin prices.
Bitcoin Rally Loses Momentum Below Key Resistance
Bitcoin’s three-week rebound from the November 21 low near $80,000 now appears increasingly fragile. After carving out a series of higher highs and higher lows within a counter-trend rising channel, BTC failed to sustain momentum above the $93,000–$94,000 resistance zone.
Despite supportive macro signals — including a weaker dollar following the Federal Reserve’s latest rate cut — Bitcoin retreated sharply over the weekend, sliding from $93,000 on Friday to nearly $88,000 on Sunday before stabilizing around $89,600.
Last week’s candle structure underscores the shift in momentum. BTC printed a bearish rejection candle with a long upper wick above $94,000 and a small red body, a classic sign of selling pressure and “sell-the-rally” behavior dominating near highs.
Nasdaq Reversal Raises Risk-Off Warning for Crypto
The caution is reinforced by developments in U.S. equity markets. The Nasdaq Composite fell nearly 2% last week, forming a bearish engulfing candle that fully erased the prior week’s gains. On the weekly timeframe, the MACD remains bearish, signaling that downside volatility may not be finished
