Bitcoin remains under pressure after failing to break $85,000, with analysts warning of a potential drop below $78,258. A break lower could push BTC toward $73,777. Meanwhile, large investors continue accumulating, signaling possible long-term support.

Market Overview

📉 Bitcoin (BTC): Struggles below $85,000, key support at $78,258, potential drop to $73,777.

📊 S&P 500 (SPX): Weakness persists after breaking key support, raising concerns of a larger downturn.

💵 US Dollar Index (DXY): Declines below 105.42, increasing market uncertainty.

🟢 Ethereum (ETH): Drops below $2,111, testing $1,993 as support. A break lower could see a drop to $1,750.

📌 Altcoins:

  • BNB: Below $546, risks falling to $500.

  • XRP: Approaching key support at $2; further decline possible.

  • Solana (SOL): Testing $120–$110 zone; risks breaking lower.

  • Dogecoin (DOGE): Support at $0.14, resistance at $0.21.

  • Cardano (ADA): Struggles below moving averages, downside support at $0.58.

The market remains volatile, with short-term bearish sentiment dominating. Will Bitcoin recover, or is a deeper correction ahead?

Share your thoughts below.

#USStocksPlunge #MtGoxTransfers #ETHWhaleLiquidation #MarketPullback #BBVABitcoinGreenlight