Bitcoin (BTC) Price Prediction: $85,000 Support Level Breaks as Downward Momentum Accelerates

Bitcoin is currently trading near the $82,500 mark after losing a major support level on the daily timeframe. As noted in our previous analysis, the price retested the $85,000 support zone after breaking below its daily trendline, eventually failing to hold that level as predicted. The bears now appear to be in firm control, with BTC dropping rapidly on lower timeframes and dragging the broader market down with it. Given that the macro trend has leaned bearish for some time, this correction was expected, and a retest of lower levels appears likely in the near term. Let's examine the latest Bitcoin charts to determine where the price could be headed in the coming days.

Our Bitcoin Price Prediction Summary

• Bitcoin has confirmed the continuation of its bearish trend by breaking below the $85,000 support level on weak volume.
• The $85,000 mark has now transitioned into a key resistance zone, with the next immediate downside target sitting at $80,000.
• A further decline into the low $70,000 range is likely as the price remains below the 50-day EMA and the weekly bearish divergence persists.

Analyzing the Charts

Market Structure and Daily Breakdown

The latest 1-day charts for Bitcoin reveal that the price has surrendered a crucial support level and is now descending quickly. This correction was largely expected, as the price had been flashing bearish signals for some time within an already weak macro environment. It is now evident that Bitcoin lost its remaining momentum once it broke below the primary trendline support. When the price attempted to retest $85,000, a lack of buying volume allowed bears to step in and force a clean break lower. Looking ahead, this downward move could accelerate in the immediate short term, or we may see a brief period of consolidation before the broader decline continues.

Target Support Levels and Downside Potential

With the price breaking below $85,000, the focus now shifts toward the $80,000 mark as the next significant area of interest. The $85,000 level had served as a critical psychological and technical floor, keeping the bulls in play for several months following the October crash. Now that the price has finally broken beneath it, the market is braced for new short-term lows. While the $80,000 mark represents the first line of defense, the current momentum suggests that the price may slip even further in the coming weeks. Consequently, we are also keeping a close watch on deeper support levels in the low $70,000 range.

Macro Outlook and Technical Indicators

Lastly, switching to the 1-week timeframe confirms that Bitcoin remains trapped within a long-term macro downtrend. The bearish divergence we have highlighted for several months remains active, signaling that the broader momentum has not yet shifted. Additionally, the price is currently trading below the crucial 50-EMA, which has transitioned from a support level into a formidable overhead resistance. Given these technical factors, the path forward appears increasingly weighted toward the downside. This lack of macro strength is the primary reason our current Bitcoin price prediction remains leaning bearish.

Final Takeaway: What is Next for Bitcoin?

To wrap things up, Bitcoin’s break below $85,000 confirms that the macro downtrend is still the main driver of this market. This move follows a period of weak momentum where buyers failed to protect key levels, leading to the current rapid decline. With $85,000 now out of the way, the focus shifts to $80,000 as the next immediate floor. However, because the weekly bearish divergence is still active and the price is trading below the 50-day EMA, it is likely we see a deeper test of the low $70,000 range in the coming weeks. The outlook remains bearish until Bitcoin can reclaim its lost support levels on significant volume.