Bitcoin (BTC) is currently trading at $84,273.58, recovering slightly from recent lows. The price has increased 5.97% over the past 7 days, though it slipped 1.04% in the last 24 hours. The asset maintains a dominant position with a market cap of $1.67 trillion and a 24-hour trading volume of $28.46 billion, marking a 16.32% surge in activity.
From a technical perspective, Bitcoin remains in a corrective bearish structure. After hitting its all-time high of $109,358 on January 19, the price entered a steady decline, forming a series of lower highs and lower lows. This internal structure signals a bearish break of structure (BOS), reinforced by macroeconomic pressures, including a market-wide dip triggered by Trump-era tariffs.
Technical analysis
Following a recent low near $74,000, Bitcoin has rebounded but has yet to invalidate the prevailing bearish trend. The key resistance level now lies at $88,800, which represents the most recent lower high. If Bitcoin closes above this level with strong bullish momentum, the trend could shift, potentially paving the way for a new leg up toward previous highs.
Until that breakout occurs, however, the trend remains technically bearish. A failure to overcome the $88,800 resistance could lead to renewed selling pressure. In that case, Bitcoin may retrace to support zones between $72,000 and $74,000. These levels are critical for bulls to defend in order to avoid a deeper correction.
As the market continues to digest both macroeconomic news and technical signals, all eyes remain on whether Bitcoin can flip its structure and reclaim bullish territory.
From a technical perspective, Bitcoin remains in a corrective bearish structure. After hitting its all-time high of $109,358 on January 19, the price entered a steady decline, forming a series of lower highs and lower lows. This internal structure signals a bearish break of structure (BOS), reinforced by macroeconomic pressures, including a market-wide dip triggered by Trump-era tariffs.
Technical analysis
Following a recent low near $74,000, Bitcoin has rebounded but has yet to invalidate the prevailing bearish trend. The key resistance level now lies at $88,800, which represents the most recent lower high. If Bitcoin closes above this level with strong bullish momentum, the trend could shift, potentially paving the way for a new leg up toward previous highs.
Until that breakout occurs, however, the trend remains technically bearish. A failure to overcome the $88,800 resistance could lead to renewed selling pressure. In that case, Bitcoin may retrace to support zones between $72,000 and $74,000. These levels are critical for bulls to defend in order to avoid a deeper correction.
As the market continues to digest both macroeconomic news and technical signals, all eyes remain on whether Bitcoin can flip its structure and reclaim bullish territory.
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