Bitcoin (BTC) has been on a wild ride, recently experiencing a sharp drop before bouncing back above $90,000. After reaching an all-time high (ATH) near $110,000, BTC has struggled with increased selling pressure, leading to a pullback that tested the $80,000 support level.
With BTC price now hovering around $91,000, traders are left wondering—will Bitcoin crash below $80,000, or is this just a temporary correction before a new ATH rally? Let’s analyze BTC’s key levels, indicators, and potential price movements to determine the most likely scenario.
Bitcoin Price Prediction: Is Bitcoin Forming a Bullish Rebound?
Bitcoin’s price action suggests that $80,000 has acted as a strong support level, with buyers stepping in aggressively to prevent further downside. The latest bounce above $90,000 indicates some bullish recovery, but BTC still needs to break above $95,000-$97,000 to confirm a reversal.
If Bitcoin maintains its momentum and closes above $95,000, it could signal a shift toward a renewed bullish phase, with the next key resistance near $100,000-$105,000. However, if BTC fails to reclaim these levels, it may face another drop back to $85,000 or lower.
What Do RSI and Other Indicators Suggest?
The Relative Strength Index (RSI) is currently at 47, indicating that BTC is neither overbought nor oversold. However, just a few days ago, RSI dipped into the oversold region below 30, which triggered the recent price bounce.
If RSI climbs above 55-60, it would indicate strengthening bullish momentum, potentially pushing BTC toward $100,000. On the other hand, if RSI drops back below 40, it could suggest another wave of selling pressure.
The Heikin Ashi candles are showing a slight shift in trend, with green candles forming after a series of strong red ones. If BTC can sustain this bullish momentum, we may see a continued recovery in the coming days.
Can Bitcoin Break Above $100,000 Again?
For Bitcoin to reclaim its bullish structure, it must break and hold above $95,000-$97,000, which is the first resistance zone. If BTC price successfully crosses this barrier, it will open the doors for a move toward $100,000-$105,000, where major resistance is expected.
A confirmed breakout above $105,000 would likely set the stage for BTC to challenge its previous ATH near $110,000. However, failure to break $95,000 could result in another pullback, leading to a retest of the $80,000-$85,000 support zone.
What Happens If Bitcoin Falls Below $80,000?
If Bitcoin loses the $80,000 support level, the next critical zone to watch is $75,000-$77,000, which could act as a short-term demand zone. A break below $75,000 would signal deeper trouble, potentially dragging BTC price down to $70,000 or even $65,000.
While a crash below $80,000 seems unlikely unless a macro-level catalyst triggers panic selling, traders should closely monitor Bitcoin’s daily closes to confirm if the bullish momentum is fading.
Bitcoin Price Prediction: Is BTC Ready for Another Rally?
Bitcoin’s price action suggests that $80,000 is a strong support level, but for BTC to confirm a bullish trend, it must break above $95,000-$97,000 and hold. If BTC clears $100,000, we could see another rally toward $110,000 and beyond.
For short-term traders, waiting for a breakout confirmation above $95,000 would be ideal. Meanwhile, long-term investors might view dips toward $80,000-$85,000 as potential accumulation zones.
