Diesen Artikel teilen
Bear Revival? Bitcoin Risks Fall Below $8K After 3.5-Week Low
Bitcoin hit a 3.5-week low of $8,100 earlier today and now risks a bear revival, the price chart analysis indicates.
Von Omkar Godbole
Bitcoin's bears have unraveled the minor rally in prices since Saturday and are now looking to pull the cryptocurrency below the $8,000 mark, the technical charts indicate.
The bears' comeback comes after bitcoin saw minor gains after the May 12 low of $8,204, but the bulls repeatedly failed to cut through the key falling trendline hurdle. As a result, bitcoin fell to a 3.5-week low of $8,100 on Bitfinex earlier today.
STORY CONTINUES BELOW
Verpassen Sie keine weitere Geschichte.Abonnieren Sie noch heute den Crypto Daybook Americas Newsletter. Alle Newsletter ansehen
As of writing, BTC is changing hands at $8,366 – down 4.7 percent in 24 hours.
Daily chart
The above chart shows that bitcoin has dipped below the 50-day moving average (MA), currently located at $8,290. As discussed yesterday, a close (as per UTC) below the 50-day MA would signal resumption of the sell-off from the recent high of $9,990 and could yield deeper sell-off to $7,800.
The rejection at the descending trendline hurdle and a drop to $8,100 has reinforced the bearish view put forward by the short-term moving averages (5-day and 10-day), which are sloping downwards in favor of the bears.
The retreat from $8,884 to $8,100 has also established a falling top (lower highs pattern) – a (you guessed it) bearish setup. While the 10-day MA has crossed the 100-day MA from above (bearish crossover), and the relative strength index (RSI) is also biased bearish (below 50.00 and falling).
As a result, there is a high probability that bitcoin will now go on to close today (as per UTC) below the 50-day MA and confirm a bear revival.
4-hour chart
The bad news (for the bulls, at least) continues in the 4-hour chart. The downside break of the expanding channel (bearish breakdown) indicates the sell-off from the May 5 high of $9,990 has resumed and could yield a drop to $7,524 (target as per the measured height method).
Note, the major moving averages (50, 100 and 200) are sloping downwards (bearish).
View
- BTC will likely close below $8,290 (50-day MA) today and confirm a bear revival.
- The cryptocurrency looks set to test support at $7,787 (61.8 percent Fibonacci retracement of the rally from April 1 low to May 5 high) and could go as low as $7,524 (expanding channel breakdown target) in the next 24–48 hours.
- An unexpected break above $8,884 would abort the bearish view.
Bear graffiti image via Shutterstock
Mehr für Sie
Was Sie wissen sollten:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Sizin için daha fazlası
Buyers Step In at $2 Floor as XRP Builds on Bitcoin's Hover Above $91K
Institutional demand for XRP ETFs has surpassed $1 billion, despite muted retail interest.
Bilinmesi gerekenler:
- XRP's price rebounded from the $2.00 level, indicating strong institutional buying at this psychological floor.
- Institutional demand for XRP ETFs has surpassed $1 billion, despite muted retail interest.
- A breakout above $2.11 is needed to trigger further momentum towards higher resistance levels.
Top Stories
