Key BTC price levels to watch as downtrend pressure builds
Bitcoin is in a downtrend, with key support levels to watch including the 100-week moving average near $87,145 and the $80,000 mark.Summary
Bitcoin has fallen into a downtrend, dropping about 30% from its all-time high, and recently saw a dip to $86,000 when CME futures opened, creating a gap up to $89,265 that the price might revisit. The market structure remains bearish, and a break below $80,000 could lead to a retest of April 2025 lows near $76,000. Currently, the critical support holding the market is the 100-week moving average, around $87,145, which Bitcoin has consistently held since its November low. Below this, other significant support zones include the Difficulty Regression Model near $89,300, the aggregate cost basis for U.S. spot Bitcoin ETF buyers at $84,099, the 2024 average exchange withdrawal price at $82,713, and the True Market Mean Price just above $80,000.
(Source：CoinDesk)