Bitcoin Faces Bearish Pressure: Will $75K Hold or Break?

Bitcoin remains under pressure as bearish momentum intensifies, with the cryptocurrency struggling to hold the critical $75,000 support level. Increased volatility has raised concerns about a potential breakdown, making recovery efforts more challenging.

Technical indicators suggest further downside risk, with Bitcoin failing to reclaim key moving averages. The 50-day moving average is trending lower, signaling weakness, while each attempted bounce meets immediate selling pressure. The declining volume profile further underscores fading buyer interest. If Bitcoin drops below $75,000, selling could accelerate, triggering liquidations and deeper losses.

A possible retest of the $70,000 support level is on the horizon, as high open interest in derivatives markets increases volatility risks. However, Bitcoin has shown resilience in past downturns. If bulls regain control and push the price above $78,000, a rally toward the $85,000-$90,000 range remains possible.

With uncertainty looming, traders are closely watching Bitcoin’s next move as the market braces for increased turbulence.