Bitcoin sees a jump — What is fueling the token rise

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Bitcoin surges 10.13% today

Highlights

The broader crypto market lost over $900 billion in value in three weeks, led by a deep Bitcoin sell-off and amplified by ETF outflows and liquidations.
Institutional demand for Bitcoin has faded, with continued macroeconomic uncertainty—such as delayed US rate cuts—driving volatility and negative investor sentiment.
Technically, Bitcoin trades well below its MA-20, MA-50, and MA-200 levels, with prevailing bearish momentum and resistance at $80,226.64, suggesting further downside risk.

Market sell-off intensifies as institutional flows wane

The broader crypto market has experienced a significant contraction, with over $900 billion lost in market value within approximately three weeks, primarily driven by Bitcoin leading a widespread sell-off among major digital assets. Substantial outflows from spot Bitcoin ETFs and forced liquidations have amplified the market downturn, while institutional demand has faded. Continued macroeconomic uncertainty, such as delays in expected US interest rate cuts, has contributed to ongoing volatility and uncertainty in investor sentiment.

Anton Kharitonov, expert at Traders Union, points to Bitcoin’s persistent weakness below key moving averages and recent volatility as signs of a bearish setup. He highlights that large ETF outflows and sharply reduced institutional demand deepen negative market sentiment. Kharitonov notes that technical indicators, including the MACD, ADX, and oversold oscillators, confirm downside pressures with no bullish reversal in sight. He emphasizes that the loss of nearly $900 billion across crypto markets and unresolved macro risks signal that investor skepticism remains high. "Current market conditions suggest further caution — any rebound is likely to fail unless key resistance levels are reclaimed very soon," Kharitonov concludes.

Viktoras Karapetjanc, expert at Traders Union, acknowledges the recent sell-off but sees opportunity for medium-term investors. He believes macro headwinds and outflows are temporary stumbling blocks, not structural threats. Karapetjanc argues that as rate cut expectations stabilize, the bullish structure for Bitcoin remains intact despite technical setbacks. The analyst expects positive catalysts and institutional inflows to eventually restore upward momentum. "This volatile period offers multiple setups for buyers — I expect further growth once resistance near $80,000 is cleared," Karapetjanc states.

Bearish momentum holds as oversold levels and resistances align

Bitcoin trades well below the MA-20, MA-50, and MA-200, with the Ichimoku Kijun at $80,226.64 marking the closest dynamic resistance and no golden or death cross in play. Bearish momentum persists, as evidenced by daily and weekly MACD and ADX, and oversold conditions appear across daily and weekly RSI, Stoch RSI, CCI, and BBP, while the Awesome Oscillator confirms the negative trend.

Last time, analysts noted that Bitcoin rebounded from oversold conditions following a sharp decline, with aggressive dip buying pushing it back above a key support level near $70,000, while Ethereum reclaimed the $2,000 threshold, both assets stabilizing as market panic eased and institutional inflows resumed. Technical indicators highlight that sustaining levels above $70,000 for BTC and $2,000 for ETH could signal renewed upside momentum, whereas closes below these thresholds may trigger further consolidation or downside, making these psychological levels critical support and resistance zones in the short term.

Source of Data: BTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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