Bitcoin (BTC) fell sharply earlier Monday, breaking below key support levels at $82,000, $81,200, and eventually slipping under the $80,000 psychological threshold. The drop followed broader crypto market weakness linked to macroeconomic fears and new U.S. trade tariffs, including:
A 25% levy on Canadian and Mexican imports
A 20% tariff hike on Chinese goods
Heightened risk-off sentiment across global markets
The sell-off sent BTC tumbling to $74,409 before bulls stepped in.
Bitcoin has since rebounded above $76,800, recovering more than 6% from its lows. The move also reclaimed the 50% Fibonacci retracement of the recent $83,680-to-$74,409 decline, suggesting growing bullish momentum.
However, the path upward is crowded with resistance:
$80,400 – Immediate resistance, reinforced by a bearish trend line on the hourly chart (BTC/USD, Kraken data).
$81,500 – A major resistance zone and the 76.4% Fibonacci retracement level.
$82,500 – A key hurdle that must be cleared for a breakout toward $83,500 or even $85,000.
“Clearing $81,500 and $82,500 is critical,” said analysts from SignalPlus. “If bulls can’t break through these levels, the market remains vulnerable to fresh selling pressure.”
Despite the bounce, failure to break above $80,500 or $81,500 could lead to another leg down. Key support levels to watch include:
$79,500 – Immediate support.
$78,000 – A historically significant level.
$76,500 – A critical threshold for short-term bulls.
$75,000 and $74,400 – The final lines of defense before potential panic-selling resumes.
“We’ve seen short-term optimism, but the broader technical setup still leans bearish until BTC convincingly reclaims its 100-hour simple moving average,” said BTSE’s Jeff Mei.
Hourly MACD: Momentum gaining in the bullish zone.
Hourly RSI: Now above 50, suggesting mild bullish strength.
Trend Line Resistance: Holding strong at $80,400.
Will Bitcoin retest and hold above $80,500?
Can bulls push past $81,500–$82,500 to confirm a breakout?
Will macroeconomic headlines and tariff negotiations reignite selling pressure?
Until BTC breaks above $82,500 with volume and strength, any upside could be fleeting.
Bitcoin’s recovery from Monday’s lows is encouraging—but far from convincing. A rejection at resistance could drag BTC back toward the $75,000–$74,400 danger zone. Traders should brace for volatility as the market awaits clarity on global trade and economic conditions.
