Bitcoin, the crypto market, and U.S. equities have faced significant volatility and selling pressure in recent weeks as macroeconomic uncertainty and chaotic foreign policies from U.S. President Donald Trump proceed to shake investor confidence. Rising tariffs and aggressive economic measures have added further instability, fueling speculation a few potential bear market in the approaching months.
Many top analysts now consider that Bitcoin and the broader crypto market will either trade sideways or proceed declining within the near future, as uncertainty dominates investor sentiment. Market conditions remain fragile, and BTC has struggled to reclaim key levels that might signal a recovery.
Top crypto analyst Jelle shared insights on X, noting that Bitcoin is back on the $83K-$84K resistance zone once more. He states that it appears like the market has found a recent equilibrium—where bears cannot push prices much lower, but bulls fail to break out to higher levels.
Bitcoin Awaits a Major Catalyst as Bearish Pressure Mounts
Bitcoin is now firmly in bear market territory, and plenty of analysts predict a deeper correction as fear grips global financial markets. The crypto and equity markets have been shaken by macroeconomic instability, with U.S. President Donald Trump’s aggressive tariffs and foreign policy decisions fueling speculation about an upcoming recession. This uncertainty has led investors to exit risk assets, pushing BTC down over 29% since its all-time high of $109K in January.
Despite the growing bearish sentiment, some analysts maintain an optimistic outlook, believing that Bitcoin and powerful altcoins will get well once market conditions stabilize. BTC’s price motion stays stuck in a decent range, with no clear direction for the approaching weeks. Jelle’s insights on X state that Bitcoin has settled right into a recent equilibrium on the $83K-$84K level, where neither bears or bulls can take control.
Based on Jelle, the market is waiting for a catalyst to trigger the following major move. That catalyst could come today, because the Federal Reserve’s meeting and rate of interest decision may significantly impact risk assets like Bitcoin. If the FED signals higher rates for longer, BTC could face more downside. Nevertheless, if the FED takes a dovish stance, Bitcoin could break above $85K and reclaim bullish momentum.
With market sentiment on edge, today’s rate of interest decision could determine whether Bitcoin enters a deeper correction or begins a long-awaited recovery.
BTC Price Trades Below Key Moving Averages
Bitcoin is currently trading below the 200-day moving average (MA) and exponential moving average (EMA), signaling ongoing bearish pressure as bulls fail to reclaim the $86K level. This critical resistance zone has acted as a significant barrier over the past few weeks, stopping BTC from regaining upward momentum.
If BTC stays below the $86K mark, it risks dropping further to search out liquidity below $80K. A break below this key psychological level could trigger panic selling, intensifying the bearish trend and possibly pushing Bitcoin toward the mid-$70K range. Given the present macroeconomic uncertainty, including Federal Reserve policy decisions and rising trade war tensions, the market stays highly volatile, increasing the danger of further downside.
For bulls to regain control, Bitcoin must break and hold above $90K, which might invalidate the bearish structure and spark a powerful recovery rally. Until then, Bitcoin stays liable to prolonged consolidation or further declines, with $80K serving as the important thing short-term support level to observe.
Featured image from Dall-E, chart from TradingView
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