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Bitcoin has once again fallen below a critical support zone, raising questions about whether the market is gearing up for a deeper sell-off. With selling pressure still intact, traders are now watching key levels closely to see if a final flush toward lower support is imminent.
Price Faces Another Rejection
MakroVision Research shared on X that Bitcoin has once again met strong rejection, resulting in a decisive break below several key support levels. Price has now slipped back into the range of the previous low and continues to trade beneath the critical green resistance zone between $85,200 and $86,200, highlighting that bearish pressure remains in control for now.
On the very short-term timeframe, there are early signs of an attempted rebound, but without a timely and sustainable reclaim of the $85,200–$86,200 zone, this move is best viewed as a technical counter-bounce rather than the start of a meaningful trend reversal. As long as the price remains capped below this area, the broader short-term downtrend remains intact.
From a tactical perspective, the $85,200–$86,200 region has become the key battlefield. A clean reclaim and hold above this zone would be the first clear indication that selling pressure is beginning to fade, potentially allowing for price stabilization and a relief rally.
If this reclaim attempt fails, the risk of continued downside acceleration increases. In that case, focus would turn to the $72,300–$75,300 range, a technically prominent support zone with historical significance. This zone may ultimately serve as a potential support and reversal region should the market experience another phase of capitulation.
CME Gap Opens: What To Expect From Bitcoin This Weekend
Crypto analyst MartyParty, in a recent Bitcoin Wyckoff Accumulation update, highlighted that a CME gap is opening, which is expected to be filled by Sunday evening. This sets the stage for potential short-term volatility, with traders closely watching key technical levels and liquidation activity.
Several scenarios are possible over the coming days. One possibility is the continued liquidation of remaining leveraged longs, with the lowest 25x Binance liquidation currently around $79,350, potentially completing the classic Wyckoff Spring pattern. Another scenario is a retest of secondary support at $81,800, which could act as a temporary floor for Bitcoin’s price action.
If support at $81,800 holds, Bitcoin may trade sideways or attempt to push toward the primary support level, which has now turned into resistance at $84,800. The most probable scenario suggests a move up through $84,500 toward $86,463, followed by a retest of $84,500 on Sunday night as the CME gap is filled, completing the near-term Wyckoff accumulation setup.
