Bitcoin is trading at $86,473, testing significant support levels around $85,000 following recent downward momentum. Selling pressure prevails, with resistance at $90,000 and potential further declines toward $80,000 if current support fails. A shift in buying volume could signal a rebound possibility, while bearish conditions dominate the market.

On February 25, 2025, Bitcoin was trading at $86,473, with a market capitalization of $1.72 trillion and a 24-hour trading volume of $98 billion. The intraday price fluctuated between $85,953 and $94,587, indicating significant volatility and ongoing market developments.

The hourly chart for Bitcoin indicates substantial downward momentum, with a recent peak around $96,492 followed by a rapid decline. Persistent selling pressure has resulted in brief relief bounces being quickly sold, leading to Bitcoin testing crucial support levels between $85,000 and $86,000. If this support fails, a possible drop toward $80,000 could be imminent.

Analyzing the four-hour chart reveals a similar trend, where Bitcoin reached a high of $99,508 before falling sharply under selling pressure. The decline was marked by substantial trading volume on red candles, which underscores the prevailing bearish sentiment. Resistance remains firmly placed at around $90,000, and without significant buying volume, the trend is likely to continue its downward path.

The daily chart further illustrates the ongoing bearish trend, with Bitcoin having previously peaked at $109,356 before a prolonged sell-off ensued. Currently, it tests critical support levels, and if sellers continue to dominate, a decline towards $80,000 seems probable. Conversely, if buyers can push the price above $90,000, a short-term recovery may occur; a truly bullish reversal would require a break above $95,000, where selling pressure historically intensifies.

Oscillator indicators display mixed signals at present. Momentum stands at -11,093, and the MACD is at -1,840, suggesting possible further downside. However, other indicators like the RSI and Stochastic remain neutral, hinting at significant selling pressure without reaching oversold conditions.

The moving averages consistently indicate a bearish outlook, with short- to mid-term indicators signaling negative momentum. All exponential and simple moving averages are situated above the current price, reinforcing the downward trend. Notably, the 200-period EMA and SMA indicate potential long-term support zones at $85,639 and $81,617, respectively, which might serve as bases for future price rebounds if selling pressure subsides.

Despite the negative market sentiment, Bitcoin is approaching a critical long-term support zone between $81,000 and $86,000, where historical buying interest has been robust. Should buyers return with increased volume, a rebound toward $90,000 or beyond is plausible. A definitive break above $95,000 could signal a burgeoning bullish trend.

Conversely, the overarching market framework remains bearish, with Bitcoin struggling to maintain vital support levels and short- to mid-term moving averages reinforcing downward trends. A failure to reclaim $90,000 could lead to further downward pressure towards $80,000 or less. Without a notable shift in market momentum or a significant increase in buying volume, further declines seem likely.

In summary, Bitcoin is currently facing strong selling pressure, testing essential support levels around $85,000 while resistance persists at approximately $90,000. Key indicators suggest a bearish trend, but a rebound is possible if buyers enter the market significantly. Close attention to these support and resistance levels, along with momentum shifts, will be crucial for future price actions.

Original Source: news.bitcoin.com

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