Critical Bitcoin Support Levels Under Pressure

Bitcoin has fallen below the $100,000 level, moving closer to key support zones closely monitored by traders. The 365-day moving average, on-chain realized price bands and network valuation price are now seen as major reference points. If the price stays below these levels, selling pressure could intensify.

On-Chain Indicators Turn Bearish

According to CryptoQuant, all 10 major on-chain indicators—including MVRV, ETF inflows, stablecoin liquidity, demand growth and trader margins—are currently trending below their baseline. ETF and institutional inflows have slowed, long-term holders (LTH) continue selling and stablecoin liquidity is tightening.

Key metrics to watch include:

• 365-Day Moving Average (MA): Around $102K, major support.

• Traders’ On-chain Realized Price: Lower band at $72K, indicating short-term downside potential.

• Network Valuation Price (Metcalfe 2×): Support sits near $91K.

• Bull Score Index: Fell to 0, signaling extremely weak bullish strength.

These levels are being closely monitored to assess market momentum and possible correction risks.

Analyst Outlook: Pause, Not Panic

CryptoQuant analysts argue this decline is more likely the exhaustion phase of a prolonged bull market rather than the start of a new bear cycle. However, they warn that if Bitcoin fails to recover above the 365-day MA soon, a deeper correction could follow.

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The post Bitcoin Bull Score Drops to Zero: Market Momentum Fades appeared first on Coin Engineer.

On-Chain Data Signals an Uptrend for Bitcoin 

Bitcoin is currently trading at a strong support level. On-chain analysis suggests that if this level holds, the uptrend will gain momentum. Technical analysts warn that failure to maintain this level could lead to a downward correction. 

According to Glassnode data, the MVRV ratio currently indicates that investors hold substantial unrealized profits. BTC is trading between $100,200 and $119,400, a range historically seen before local price peaks. Historically, when Bitcoin enters this range, price rallies are often followed by corrections. Therefore, investors should reconsider profit-taking strategies based on MVRV analysis. 

MVRV Ratio compares #BTC's market price to the average investor cost basis – helping gauge when investors hold outsized unrealized profits.
We're now trading between +0.5σ ($100.2K) and +1σ ($119.4K) bands, a zone that has often preceded local tops. pic.twitter.com/NQvB01CN3H

— glassnode (@glassnode) May 30, 2025

In the past two days, large investors whales have accumulated over 20,000 BTC. These aggressive buys show strong bullish expectations. This market activity highlights the importance of niche analyses such as whale buying signals and crypto accumulation phases. Renowned analyst Michael van de Poppe predicts Bitcoin could reach all-time highs this year. 

BTC Index 

The Bitcoin index has given initial signals of a rise. These indicators suggest a potential upward breakout soon. BTC Relative Strength Index (RSI) is around 56, indicating the market is neutral and not in overbought (above 70) or oversold (below 30) zones. 

Long-Term Bitcoin Outlook: $1 Million Target? 

Finance expert Robert Kiyosaki predicts Bitcoin could surpass $1 million in the future. Such long-term forecasts boost the adoption of crypto assets as stores of value. Concepts like BTC long-term investment, digital gold strategy, and portfolio diversification are back on investors’ radar. 

If BTC maintains its upward momentum, the $120,000 level will become a key focus. Market experts foresee strong psychological resistance at this point and significant selling pressure. 

***NOT INVESTMENT ADVICE ***

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Bitcoin (BTC) Current Situation

Bitcoin (BTC), after the U.S. reserve currency decision, saw a 2.54% drop, falling to $89,068. During the day, it dropped as low as $86,641, but received a strong rebound from this level, rising back towards the resistance zone. Currently, Bitcoin is trading around $89,000, and if it loses the $86,641 support, the next critical support level would be at $82,785, within the upward-facing FVG (Fair Value Gap) zone.

For Bitcoin investors, $86,641 is a critical support level. If this level is breached, $82,785 could serve as an important zone for BTC to recover.

Ethereum (ETH) Current Situation

On the other hand, the selling pressure on Ethereum (ETH) was more pronounced. Over the past 24 hours, ETH lost 4.29%, dropping to $2,194. Following yesterday’s drop, it found strong support at $2,108, bouncing back quickly. However, if this support is broken, the next significant support level will be in the range of $2,037-$1,927.

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For Ethereum, the nearest resistance in the upward movement is the downward-facing FVG zone. ETH investors should monitor whether the $2,108 support can hold.

Tether Dominance (USDT.D) and Market Sentiment

Another key indicator of reduced risk appetite in the crypto market is Tether Dominance (USDT.D). Over the last 24 hours, USDT.D increased by 0.73%, reaching 4.96%. During yesterday’s downturn, USDT.D peaked at 5.20%, but has slightly retraced and found support within the upward-facing FVG zone. The next resistance for USDT.D lies in the downward-facing order block zone.

The rise of USDT.D signals a decrease in market confidence towards cryptocurrencies, with investors possibly seeking safer assets. A further decline in USDT.D might increase the appetite for risk in the crypto space.

The U.S. decision to accept Bitcoin as a reserve currency has triggered volatility in the cryptocurrency markets. The prices of Bitcoin and Ethereum are currently fluctuating at critical support and resistance levels. These levels will likely dictate the market’s direction in the coming days, making it crucial for investors to monitor them closely.

The developments in the cryptocurrency market continue to draw global attention, and the direction of prices will depend on the sentiment of market participants. This volatility in Bitcoin and Ethereum presents new opportunities for crypto investors, while also carrying significant risks.

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The post Bitcoin Reserve Aftershock: What’s the Current Situation? appeared first on Coin Engineer.

Pseudonymous crypto trader Pentoshi stated in a Feb. 22 X post that “a move back to $106K will likely lead to a new round of price discovery.”

Bitcoin May Retest $85K if Support Fails

However, Pentoshi warned that if Bitcoin loses its $92,000-$94,000 support range, the next critical support could be $85,000, a level it hasn’t traded at since Nov. 12. Earlier, crypto analyst AlejandroBTC had also predicted that “it kinda looks like we’re heading for $85K.”

As of this writing, Bitcoin is trading at $96,340 (CoinMarketCap data).

Could Bitcoin Continue Its Uptrend?

Despite the potential downside, Pentoshi remains bullish, arguing that Bitcoin has spent considerable time consolidating in this range:

“For now, I have to maintain a bullish bias as it hasn’t broken down and we’ve spent a lot of time in this range.”

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While some analysts believe $85,000 could be a strong local bottom, others argue that Bitcoin may drop even further before regaining momentum.

On Jan. 27, BitMEX co-founder Arthur Hayes predicted that Bitcoin could drop to $70,000-$75,000, possibly triggering a mini financial crisis.

Traders Uncertain About Bitcoin’s Next Move!

Some traders believe it’s too soon to predict Bitcoin’s next move.

Pseudonymous trader Mister Crypto told his 136,200 X followers that $90,000 would be his signal to “open up another huge trade.”

On the same day, AshCrypto predicted that Bitcoin could reach a new all-time high in March. According to CoinGlass data, March has historically delivered an average return of 13.42% since 2013.

Bitcoin’s all-time high of $109,000 was set on Jan. 20, just before Donald Trump’s presidential inauguration.

What Is Bitcoin’s Long-Term Future?

Some market commentators are focusing on Bitcoin’s long-term outlook rather than short-term trends.

ARK Invest CEO Cathie Wood has increased her odds of Bitcoin hitting $1.5 million by 2030, citing growing institutional adoption:

“We actually think the odds have gone up that our bull case will be the right number because of what is becoming the institutionalization of this new asset class.”

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The post Could $85,000 Be Possible if Bitcoin’s Support Breaks? appeared first on Coin Engineer.