After plunging to a multi-week low of $74,409, Bitcoin has staged a modest recovery. But as of Tuesday morning, analysts caution that multiple resistance levels between $80,500 and $82,500 could stall the rally or even trigger another leg downward.
Bitcoin Bounces After Steep Drop
Bitcoin (BTC) fell sharply earlier Monday, breaking below key support levels at $82,000, $81,200, and eventually slipping under the $80,000 psychological threshold. The drop followed broader crypto market weakness linked to macroeconomic fears and new U.S. trade tariffs, including:
A 25% levy on Canadian and Mexican imports
A 20% tariff hike on Chinese goods
Heightened risk-off sentiment across global markets
The sell-off sent BTC tumbling to $74,409 before bulls stepped in.
Fragile Recovery: Resistance Looms for BTC
Bitcoin has since rebounded above $76,800, recovering more than 6% from its lows. The move also reclaimed the 50% Fibonacci retracement of the recent $83,680-to-$74,409 decline, suggesting growing bullish momentum.
However, the path upward is crowded with resistance:
$80,400 – Immediate resistance, reinforced by a bearish trend line on the hourly chart (BTC/USD, Kraken data).
$81,500 – A major resistance zone and the 76.4% Fibonacci retracement level.
$82,500 – A key hurdle that must be cleared for a breakout toward $83,500 or even $85,000.
“Clearing $81,500 and $82,500 is critical,” said analysts from SignalPlus. “If bulls can’t break through these levels, the market remains vulnerable to fresh selling pressure.”
Bearish Bitcoin Scenario Still in Play
Despite the bounce, failure to break above $80,500 or $81,500 could lead to another leg down. Key support levels to watch include:
$79,500 – Immediate support.
$78,000 – A historically significant level.
$76,500 – A critical threshold for short-term bulls.
$75,000 and $74,400 – The final lines of defense before potential panic-selling resumes.
“We’ve seen short-term optimism, but the broader technical setup still leans bearish until BTC convincingly reclaims its 100-hour simple moving average,” said BTSE’s Jeff Mei.
BTC Technical Indicators
Hourly MACD: Momentum gaining in the bullish zone.
Hourly RSI: Now above 50, suggesting mild bullish strength.
Trend Line Resistance: Holding strong at $80,400.
What to Watch Next
Will Bitcoin retest and hold above $80,500?
Can bulls push past $81,500–$82,500 to confirm a breakout?
Will macroeconomic headlines and tariff negotiations reignite selling pressure?
Until BTC breaks above $82,500 with volume and strength, any upside could be fleeting.
Bottom Line
Bitcoin’s recovery from Monday’s lows is encouraging—but far from convincing. A rejection at resistance could drag BTC back toward the $75,000–$74,400 danger zone. Traders should brace for volatility as the market awaits clarity on global trade and economic conditions.
– Bitcoin Updates and Headlines from FingerLakes1.com
This content is brought to you by the FingerLakes1.com Team. Support our mission by visiting www.patreon.com/fl1 or learn how you send us your local content here.
