Coinidol.com: Bitcoin's Slide Below $80,000 May Continue

Bitcoin (BTC) fell to a low of $75,067 on February 2, but is now correcting higher.

BTC price long-term prediction: bearish

The upward correction has stalled at $80,000. Bitcoin is currently trading in a narrow range, just above the $75,000 support and below the $80,000 resistance. Previously, Bitcoin fell to a low of $84,000, after which it traded sideways for two months.

On January 29, the bears broke below the existing support, reaching a low of $75,067. Over the past four days, the BTC price has fluctuated above $75,000, awaiting confirmation of the trend. However, if the current support level of $75,000 is breached, Bitcoin could fall to $68,000. Today, Bitcoin is at $77,251.

Technical indicators

• Key supply zones: $120,000, $125,000, $130,000

• Key demand zones: $90,000, $85,000, $80,000

The BTC price trend of late 2025 has collided with a harsh macroeconomic reality following the appointment of Kevin Warsh as the next Federal Reserve Chair. Bitcoin, which started the year with hopes of institutional stability, has officially entered what analysts call a "technical bear market," plummeting 40% from its October peak of $126,000 to trade currently in the $77,000–$79,000 range.

BTC price indicators analysis

Since November 21, 2025, the price bars have remained below the horizontally sloping moving average lines; the 21-day SMA has fallen below the 50-day SMA, signalling a downward trend. Both the 21-day and 50-day SMAs are trending downward on the 4-hour chart.

What is the next move for Bitcoin?

The price of Bitcoin is moving above the $75,000 support on the 4-hour chart but remains below the 21-day SMA barrier. The 21-day SMA, also acting as resistance at $80,000, has slowed price movement. If Bitcoin fails to overcome the 21-day SMA barrier, it will fall below the $75,000 support level. Conversely, Bitcoin will resume its bullish trend if it breaks above the 21-day SMA threshold.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.