** Bitcoin price rates are experiencing a downward trend, with some important areas of support visible. Any CME gap is an indicator of a possible reversal, and key price levels will determine the subsequent direction.**
Bitcoin dropped to a low of $86,000 following the reopening of the CME futures on Sunday. The dip commenced after a weekend trading break. Although the price has slightly recovered, it is still in a downward trend.
The first decline produced a CME pricing gap that extended to $89,265. Bitcoin is historically prone to reoccurrence of these gaps.
The last time Bitcoin reached an all-time high was 111 days ago, and it is currently down by 30%. This fall solidifies the existing bearish trend.
Will $80,000 Support Crumble Next?
With a price below 80,000, the future losses will definitely increase. Bitcoin may reverse to April 2025 levels around 76,000 dollars. The sell-off is associated with the tariff policies of President Trump.
The 100-week moving average has structural support of the first order and is currently close to $87,145. Bitcoin has been at this level since the November low of 80,000.
Bitcoin has already dropped below the 50-day moving average, only slightly above 90,000. This indicator is used by traders to understand short-term trends.
Hidden Support Zones Could Save Bitcoin
Some prominent areas of support are below the current price levels. The Difficulty Regression Model estimates the average cost of production of Bitcoin by mining difficulty, and is approximately $89,300.
In bear markets, commodities tend to trade around their cost of production, the model has been particularly pertinent in the current times.
The total expense base of the U.S. spot ETF purchasers stands at 84,099, which offers a few months of support. According to on-chain data, the average price of exchange withdrawal in 2024 was 82,713.
The True Market Mean Price is slightly above $80,000. It is computed as a ratio of Investor Capital to Active Supply, which is close to the November low, and it is important.
The market structure is still bearish with slight recoveries. Several levels of support will be experimented with in forthcoming sessions,s and the capacity of Bitcoin to sustain $87,145 is critical.
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