Bitcoin Price Analysis: More Danger Ahead as BTC Remains Below Broken Trendline?

Bitcoin has rebounded toward $83.3K after another test of nearby demand, but the recovery remains below the broken trendline support. Renewed big-whale spot activity adds another factor to watch, as large orders could introduce selling pressure while BTC struggles to reclaim resistance.

Bitcoin Price Analysis: The Daily Chart

On the daily timeframe, Bitcoin’s rejection from the $86.5K–$90.5K resistance zone has led to a correction into the lower portion of its ascending structure. Buyers have responded around the highlighted $80K–$81.5K demand zone, producing a rebound toward $83.3K. However, the price remains below the rising middle trendline, suggesting that the recovery has yet to reverse the recent structural weakness.

The broader backdrop remains supported by the moving averages. The 100-day average, near $73.3K, is above the 200-day average around $72.2K, maintaining the confirmed bullish crossover. Nevertheless, these averages sit well below the price and offer limited protection against another near-term decline.

Holding the $80K–$81.5K demand zone and the nearby lower ascending boundary would preserve the possibility of a recovery toward $85K–$87K. A sustained reclaim of this region could bring the broader $86.5K–$90.5K supply zone back into focus. Conversely, a decisive loss of $80K would weaken the ascending structure and expose the next major demand area at $75K–$78K.