Bitcoin fell to eight-day lows on Tuesday as traders pared risk ahead of the U.S. session, retesting the $90,000 area after a failed breakout from a multimonth range, according to TradingView. Market tension rose amid renewed U.S.-EU trade frictions over Greenland and tariff concerns, pushing some investors toward safe havens.
Volatility intensified after prices moved back into the roughly $84,000–$94,000 band traders had held for months. Precious metals hit fresh highs as risk assets weakened.
Daan Crypto Trades warned the breakout had not held and flagged the 2026 yearly open near $87,000 as possible support (see Daan Crypto Trades‘s post). “Breakout failed and doesn’t make for a pretty look now.”
Rekt Capital highlighted the 2025 yearly open at $93,500 and urged a reclaim of that level to confirm a weekly breakout (see Rekt Capital‘s post). “Bitcoin will need to find a way to reclaim $93500 throughout the week to ensure this becomes a successful retest to confirm the breakout from the Weekly Range (black-black).”
Exchange data showed about $360 million in liquidations over 24 hours, per CoinGlass. Keith Alan of Material Indicators cited chart signals and a 21/50-week moving average cross, while veteran trader Peter Brandt predicted a slide toward $58,000–$62,000 (see Keith Alan‘s post and Brandt‘s tweet). “58k to $62k is where I think it is going”.
Ed. note: the $58,000 level was last seen in October 2024.
