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Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
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Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
Bitcoin Stuck In $83K-$84K Resistance As Market Awaits A Catalyst For Breakout – Analyst

Bitcoin Stuck In $83K-$84K Resistance As Market Awaits A Catalyst For Breakout – Analyst

Sebastian Villafuerte
by Sebastian Villafuerte
6 months ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin, the crypto market, and U.S. equities have faced significant volatility and selling pressure in recent weeks as macroeconomic uncertainty and chaotic foreign policies from U.S. President Donald Trump continue to shake investor confidence. Rising tariffs and aggressive economic measures have added further instability, fueling speculation about a potential bear market in the coming months.

Related Reading: BTC UTXO P/L Ratio Hits 50.2 – A 30-Point Drop Could Signal the End Of This Correction

Many top analysts now believe that Bitcoin and the broader crypto market will either trade sideways or continue declining in the near future, as uncertainty dominates investor sentiment. Market conditions remain fragile, and BTC has struggled to reclaim key levels that would signal a recovery.

Top crypto analyst Jelle shared insights on X, noting that Bitcoin is back at the $83K-$84K resistance zone once again. He states that it feels like the market has found a new equilibrium—where bears cannot push prices much lower, but bulls fail to break out to higher levels.

Bitcoin Awaits a Major Catalyst as Bearish Pressure Mounts

Bitcoin is now firmly in bear market territory, and many analysts predict a deeper correction as fear grips global financial markets. The crypto and equity markets have been shaken by macroeconomic instability, with U.S. President Donald Trump’s aggressive tariffs and foreign policy decisions fueling speculation about an upcoming recession. This uncertainty has led investors to exit risk assets, pushing BTC down over 29% since its all-time high of $109K in January.

Despite the growing bearish sentiment, some analysts maintain an optimistic outlook, believing that Bitcoin and strong altcoins will recover once market conditions stabilize. BTC’s price action remains stuck in a tight range, with no clear direction for the coming weeks. Jelle’s insights on X state that Bitcoin has settled into a new equilibrium at the $83K-$84K level, where neither bears or bulls can take control.

Bitcoin finding equilibrium | Source: Jelle on X
Bitcoin finding equilibrium | Source: Jelle on X

According to Jelle, the market is waiting for a catalyst to trigger the next major move. That catalyst could come today, as the Federal Reserve’s meeting and interest rate decision may significantly impact risk assets like Bitcoin. If the FED signals higher rates for longer, BTC could face more downside. However, if the FED takes a dovish stance, Bitcoin could break above $85K and reclaim bullish momentum.

Related Reading: $161 Billion In BTC Short-Term Investor Capital Vanishes – Will This Weaken The Market?

With market sentiment on edge, today’s interest rate decision could determine whether Bitcoin enters a deeper correction or begins a long-awaited recovery.

BTC Price Trades Below Key Moving Averages

Bitcoin is currently trading below the 200-day moving average (MA) and exponential moving average (EMA), signaling ongoing bearish pressure as bulls fail to reclaim the $86K level. This critical resistance zone has acted as a major barrier over the past few weeks, preventing BTC from regaining upward momentum.

BTC struggling below the 200-day MA | Source: BTCUSDT chart on TradingView
BTC struggling below the 200-day MA | Source: BTCUSDT chart on TradingView

If BTC remains below the $86K mark, it risks dropping further to find liquidity below $80K. A break below this key psychological level could trigger panic selling, intensifying the bearish trend and possibly pushing Bitcoin toward the mid-$70K range. Given the current macroeconomic uncertainty, including Federal Reserve policy decisions and rising trade war tensions, the market remains highly volatile, increasing the risk of further downside.

Related Reading: Is The BTC Cycle Peak In? Historical Halving Data Suggests Upside Potential Into Late 2025

For bulls to regain control, Bitcoin must break and hold above $90K, which would invalidate the bearish structure and spark a strong recovery rally. Until then, Bitcoin remains at risk of extended consolidation or further declines, with $80K serving as the key short-term support level to watch.

Featured image from Dall-E, chart from TradingView 

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Sebastian Villafuerte

Sebastian Villafuerte

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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies. As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community. To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology. Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance. Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

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