Bitcoin’s price declined to approximately $74,000, marking a new monthly low. Analysts noted the cryptocurrency has dropped below key technical indicators, shifting the local market structure to bearish. While some highlighted retail selling pressure, others pointed to whale buy orders attempting to absorb that volume. The path to recovery, according to one analyst, requires reclaiming resistance in the low $80,000 region.
Bitcoin’s price troubles continued as the asset dropped to a monthly low of just over $74,000. This decline represents a loss of approximately $8,000 in just over a week.
Analyst Jelle warned that Bitcoin has dropped below both the 100-day and 50-day Moving Averages. He stated the local market structure is “back to bearish.”
He previously cautioned that a drop beneath these levels could lead to a deeper correction. Jelle mentioned “there’s a lot of untapped liquidity ripe for the taking below.”
Analyst CW argued that bitcoin whales have stepped up to absorb selling volume. They noted that after removing sell orders at higher prices, whales are “absorbing selling volume from retail investors.”
Reasons cited for the crash include selling from major investors and geopolitical uncertainty. Specifically, tension between the U.S. and Iran and reports of a potential ceasefire end have historically impacted risk-on assets.
Analyst Daan Crypto Trades outlined Bitcoin’s potential path to recovery. He stated the key level to reclaim is the low $80,000 region, where horizontal and daily 200MA/EMA resistance sits.
He explained bulls need to turn this into a higher low and proceed to break that resistance. However, failure to do so soon would become another lower high in a bigger downtrend since the October 2025 all-time high.
