In the cryptocurrency markets, which started the week with a slight decline, Bitcoin seems to have difficulty rising above 84 thousand dollars. The decline in investor demand and selling pressure at key technical levels also led to a decline in altcoins. This squeeze, especially at resistance points in the short term, shows that market participants have a cautious attitude.
Market Perception and Technical Outlook
Bitcoin has been trying to hold on around $81,500 in recent days. In social media analyzes announced by Santiment, it was determined that positive comments were 1.5 times higher than negative comments. This brings with it a warning that rallies may end quickly in periods when excessive optimism does not support price movements.
From a technical perspective, it is important that Bitcoin faces resistance at the 200-day exponential moving average at $82,039. After each rejection from this level in the last two years, there were sharp pullbacks between 25 and 36 percent. If a similar scenario repeats, there is a possibility of a 30 percent correction in Bitcoin towards $ 56 thousand levels.
There have been consecutive net inflows in US spot Bitcoin ETFs for the last six weeks. This is the longest login streak since August 2025. Investors predict that the market will continue to recover.
According to technical data, ETF inflows stand out as the main catalyst pushing the Bitcoin price up. However, while the continuation of these inflows still keeps the general atmosphere of the market positive, it may cause fluctuations in the short term.
Current Situation in Important Coins
Ethereum is having difficulties surpassing the $2,465 resistance. At this level, where buyers lose power, a new sales wave may occur if the price falls below the moving averages. Conversely, if the resistance is broken, upward movements may accelerate.
XRP started the week with a decline and remained within the descending channel structure. However, long tails on candlestick charts indicate that purchases at low levels are continuing. If the price rises again, the first target stands out as $1.61; If the selling pressure intensifies, the $1.27 support becomes critical.
As BNB returns from the $666 level, strong resistance appears to be maintained. Staying above the 20-day exponential moving average of $635 will be important for the buying side. If the price breaks down, a sideways movement is expected for a while in the $570-687 range.
Although Solana approached the 98 dollar band, it could not demonstrate a permanent rise with increasing sales. Persistence above the $88 level can be considered a positive signal. While the target for possible upward movements is $117, downward pressure strengthens the possibility of a horizontal movement in the $76-98 band.
Impact on Global Indices and Other Cryptos
In US stocks, the S&P 500 index reached its new historical peak of 7,423 points, showing that investor confidence continues. However, approaching the overbought zone in the relative strength index suggests that there may be a short-term correction in the market. Similarly, the US Dollar Index (DXY) continued its downward trend by failing to move above the 20-day average.
Although Dogecoin found support at $0.10, it lost its upward momentum. If there is a close above $0.12, a new rally may begin; Otherwise, falling below $0.09 will indicate the continuation of the weak trend.
While Hyperliquid (HYPE) encountered intense resistance in the $43.76-45.77 range, a critical support point was formed at the 50-day average of $40.50. It is stated that if the price breaks down, the correction may extend towards the 38.70 level.
Cardano continues to be priced in the range of $0.31 to $0.22. If it can return from the 20-day average of $0.26, it is possible to test $0.31 on the upside; Otherwise, horizontal movement may continue for a few more days.
