After Bitcoin fell below the $80,000 region, it brought important technical support areas back to the agenda. According to analysts’ evaluations, the price is trying to defend the region below $60,000, especially in the short term. If this level cannot be maintained, the range between 48 thousand 700 dollars and 40 thousand to 50 thousand dollars can be monitored more strongly.
View below $80K
According to the analysis shared by Daan Crypto Trades, Bitcoin failed in its attempt to regain the $80,000 area, which was previously viewed as support. On the daily chart, it was seen that the price rebounded from the daily 200 EMA and daily 200 MA levels near $80,500, after which the decline accelerated.
In the analysis, the $80,500 region stood out as a strong resistance area. Although Bitcoin tried to reclaim this level in May, it encountered a sale in the region where long-term moving averages are located. This chart was considered a negative retest, indicating that previous support has turned into resistance.
According to analysts, the main question in the current structure is whether Bitcoin can create a wider band between $ 60 thousand and $ 80 thousand. Preserving the support around $60,000 could keep this scenario alive, but a clear loss of this zone could increase the risk of a deeper pullback.
The next important support on the chart is at $59,757. This area has previously worked as a notable bottom area. The increase in transaction volume during the last decline also indicated that the market showed strong participation in the selling pressure.
Long-term technical structure remains weak
The trend view indicates that Bitcoin is currently trading below two important long-term moving averages. The formation of lower peaks since the recovery attempt in May also shows that the downward trend continues. As long as the price remains below the $80,500 resistance, it is considered that the pressure continues in a broad framework.
In Crypto Patel’s separate evaluation on the weekly chart, it was stated that Bitcoin fell below the rising trend line that carried the market throughout most of the bull cycle. The area around $73,500, which previously served as support, is now watched as a resistance zone.
48 thousand 700 dollars and below scenario
It was noted that a negative mismatch occurred near the peak area on the weekly chart. While the price was making new highs, the RSI indicator made lower highs, indicating a weakening in the upward momentum. Following this signal, the correction process became evident with the breaking of the trend line.
According to the analysis, Bitcoin has lost more than 44 percent since the resistance area marked. The next major support is shown as the $48,700 level. This area stood out as a key breakout point in the previous bull market and could attract buying interest if retested.
Crypto Patel stated that periods of increased fear in the markets can create long-term savings opportunities. The analyst stated that if the correction continues, the range of 50 thousand to 40 thousand dollars can be considered as a possible accumulation zone between 2026 and 2027.
For now, in the technical outlook, resistance around $73,500 and support around $48,700 stand out. It is stated that the market’s reaction to these levels may shape the next stage in Bitcoin’s long-term trend.
