- Bitcoin dropped below $80K as economic fears and liquidations intensified.
- Trump’s crypto reserves and institutional demand could drive a market rebound.
- BTC must hold $77,800 or risk falling to $71,900 before a potential recovery.
Bitcoin — BTC, has dropped below $80,000, wiping out gains from Trump’s election victory. Investors fear economic uncertainty, pushing the price to $76,800—the lowest since November. Market confidence has taken a hit, with the Crypto Fear & Greed Index falling to 17. Extreme fear now dominates sentiment. Liquidations have surged, erasing $195 million in just four hours. Long positions suffered the most as selling pressure intensified. Inflation concerns add to the chaos, with traders watching key U.S. reports for direction. Volatility remains high, keeping the market on edge.
Institutional Investors and Trump’s Bitcoin Reserve
Despite falling prices, institutions continue showing interest in Bitcoin. Treasury Secretary Scott Bessent reaffirmed support for stablecoins, aiming to strengthen the U.S. dollar. Trump has also approved a Bitcoin reserve using seized assets, signaling a potential shift in regulation. Stronger regulatory backing could boost confidence, bringing large investors back into the market. Bitcoin needs positive momentum to regain strength. Institutional demand could act as a catalyst for a major rebound.
Crucial Support and Resistance Levels
Bitcoin struggles below the descending trendline, facing resistance at $85,000. Bulls need to reclaim $82,200 to shift momentum. A failure to hold key levels may trigger further losses.Bitcoin must hold $77,800 to avoid deeper losses. A breakdown could send prices to $74,600 or even $71,900.
Bulls need a breakout above $82,200 to fuel a rally toward $86,400. Traders are cautious as inflation concerns and regulatory updates shape the market. For now, Trump’s Bitcoin reserve plan could change sentiment, attracting fresh interest. The coming weeks will reveal whether Bitcoin finds support or continues to struggle.
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