$BTC has been moving lower recently, with price sliding below key psychological levels:
$BTC has fallen below ~$80,000, continuing a multi-day decline.
This drop reflects a ~6%+ move down in the last 24 hrs near the $78,800 area.
January showed continued weakness, with cumulative price drops and multiple down-months.
📊 Trend Characteristics
BTC recently lost roughly ~30% from its all-time highs (October 2025).
Price has breached recent support areas, signaling bearish or range-bound conditions rather than strong uptrend.
Futures markets show traders adding more shorts and reducing longs, showing cautious sentiment.
📈 Key Levels for Price Movement (Chart-Ready)
Use these in your chart overlay:
🛑 Resistance Levels (Where Price Could Struggle)
~$90,000: psychological resistance & recent failed break attempts.
~$98,000–$100,000: major weekly resistance from earlier analysis.
🟩 Support Levels (Where Price May Bounce)
~$85,000: near recent consolidation support.
~$76,000–$78,000: recent multi-day lows & notable support test zone.
📌 On charts, these make good horizontal lines to show where BTC is respecting support/resistance.