Bitcoin Price Watch: Bearish Momentum Dominates as $80K Support Levels Face Pressure
Portfolio Pulse from
Bitcoin is experiencing significant bearish momentum, trading below key moving averages and struggling to maintain support levels. Technical indicators suggest potential further downside, with the $80,000 level being a critical psychological support zone.
March 29, 2025 | 11:45 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Technical analysis indicates bearish momentum with potential for further price decline if $80,000 support level fails.
Multiple technical indicators (MACD below signal line, price below moving averages) suggest continued downward pressure. Breaking $80,000 support could lead to further decline towards $75,000.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100