Bitcoin (BTC) Faces Intense Selling Pressure, Bears Eyeing Move Below $80,000

Bitcoin is facing intense selling pressure once again, with bears now eyeing a move below the critical $80,000 support level.

Bitcoin (BTC) faced persistent selling pressure on Thursday, with bears now aiming for a move below the critical $80,000 support level.

After bulls briefly pushed BTC to $87,000, hopes for a sustained recovery were quickly dashed when the price failed to reclaim the key $90,000 resistance. Since then, momentum has shifted sharply in favor of the bears, dragging the market into deeper uncertainty.

The cryptocurrency faced renewed weakness on Thursday, sliding below both the 4-hour 200 moving average (MA) and the exponential moving average (EMA), which were closely placed in the $87,000–$85,000 range. These moving averages have acted as dynamic support throughout past uptrends, and the recent breakdown signals the deepening bearish trend.

For any recovery phase to begin, bulls must reclaim this range and flip it back into support. A sustained move above $85,000 would signal strength and could set the stage for a push toward the $90,000 resistance level. However, the current rejection suggests that sellers remain firmly in control.

If Bitcoin fails to hold above the $82,000 level in the coming sessions, the market could face a more profound correction. A break below $82,000 would likely open the door to sub-$80,000 prices, placing Bitcoin back into lower demand zones and triggering renewed fear among investors.

As volatility increases and macroeconomic uncertainty continues to affect the market, bulls are running out of time to act before bearish momentum accelerates further.

Next prime Bitcoin accumulation zone may appear as MVRV Ratio crosses 70-day MA- Top analyst

Top analyst Ali Martinez has shared his insights on X.

As the cryptocurrency market experiences significant shifts, staying informed about key technical indicators and analyst opinions is crucial for making sound investment decisions.

Martinez, a recognized figure in the field of crypto analysis, recently pointed out a potential buying opportunity for Bitcoin (BTC) as the MVRV (Market Value to Realized Value) Ratio approaches a crossover with its 70-day moving average (MA).

Martinez explained that this technical indicator, which measures the ratio of Bitcoin's market capitalization to the total realized value of all mined coins, has historically presented interesting trends. According to his observations, whenever the MVRV Ratio crossed above its 70-day MA, it signaled the beginning of a prime accumulation zone for BTC.

“The MVRV Ratio is a valuable indicator for gauging market exuberance or distress. It can be a useful tool in conjunction with other technical indicators and fundamental analysis to identify potential buying or selling opportunities.”

Martinez further noted that while the short-term trend for Bitcoin remains pressured, the approaching MVRV crossover could provide a critical turning point. Bulls now face the urgent task of defending $82,000 and pushing back above key resistance zones. If they succeed—and if accumulation continues quietly—Bitcoin could soon find the footing needed to begin a stronger recovery phase.

«The next prime Bitcoin accumulation zone may appear as the MVRV Ratio crosses its 70-day MA. This crossover, in the past, coincided with attractive entry points for long-term investors. We’ll have to wait and see if history repeats itself.»

This analysis highlights the importance of combining technical and fundamental perspectives when navigating the cryptocurrency market. As always, it is advisable to conduct thorough research and consult with a financial advisor before making any investment decisions.