- Bitcoin drops below $78K after failing multiple recovery attempts, showing intensified bearish pressure and rising trading volume.
- With strong support between $70K and $74K, Bitcoin risks an 8–10% decline if this zone fails to hold under current market stress.
- After peaking near $107K in early 2025, Bitcoin enters a sustained downtrend driven by weak investor sentiment and sharp sell-offs.
According to the latest analysis, Bitcoin had a precipitous dip, falling below $78,000 following months of negative sentiment. From its high in early 2025, this represents a decline of around 30%. The market for cryptocurrencies is still very erratic as traders respond to mounting selling pressure.
Bitcoin Faces Strong Downward Pressure
Bitcoin’s latest price action highlights a strong bearish trend. According to analyst Reed Carson, the digital asset saw a steep decline from $79,600 to $77,890.55 within a short period. Candlestick patterns indicate multiple failed recovery attempts, signaling persistent selling pressure. Additionally, trading volume surged, aligning with sharper price movements.
In recent weeks, Bitcoin’s price has had difficulty staying steady. It has varied from $80,000 to $94,000 since March 2025. The most recent decline, however, points to a possible breach below important support levels.
Key Support and Resistance Levels
Between $70,000 and $74,000, Bitcoin has significant support. According to Glassnode’s on-chain data, 175,000 Bitcoin were amassed during this time. This level could serve as a vital safety net against additional drops. But if this support doesn’t hold, Bitcoin might fall another 8%–10%.
Resistance levels, however, still remain higher. Bitcoin had been on bearish pressure to sell around $95,000-$100,000 previously. Due to this reason, the traders may not find it easy to break these levels in case of an upward breakout.
Market Trends and Future Projections
A swing of positive momentum towards a negative belief can be observed. From $60,000 to $75,000 in November 2024, Bitcoin had a steep rise to $107,000 early in 2025. Bitcoin has been moving in the opposite direction and found it difficult to bounce back since February.
March 2025 experienced powerful bearish trends, and Bitcoin fell from $95,000 to almost $80,000. April’s trading sessions reflect sustained selling pressure and poor investor sentiment. The losing momentum means that Bitcoin can return to support levels below it.
