Bitcoin Faces Strong Resistance at 200 EMA, Risks Further Decline

Bitcoin's price is struggling against key resistance levels, with the 200-day Exponential Moving Average (EMA) once again rejecting its recovery attempts. Currently trading at around $82,000, Bitcoin remains in a downward trend after failing to reclaim bullish momentum. The rejection at the 200 EMA suggests that bearish sentiment dominates, increasing concerns about further downside movement.

A notable drop in trading volume signals weak buying pressure, making Bitcoin vulnerable to another sell-off. If the price fails to hold the $80,000 support level, Bitcoin could retest the $75,000 range, marking a deeper correction. Recent price action indicates sellers regaining control, with lower highs forming on the chart, reinforcing the risk of a prolonged bearish phase.

The broader crypto market is also experiencing turbulence, with major altcoins facing similar struggles. Macroeconomic uncertainties and regulatory concerns continue to weigh on investor sentiment, preventing a strong recovery. The Relative Strength Index (RSI) remains in neutral territory but is weakening, signaling the potential for continued downward pressure.

Traders should closely monitor the $80,000 support level, as a decisive breakdown could accelerate Bitcoin’s decline. Without a surge in buying pressure, Bitcoin may remain trapped in a bearish cycle, delaying any potential recovery.