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When Will Bitcoin’s Price Decline End? Key Factors to Watch
Bitcoin has been struggling with persistent price decline since reaching its all-time high of $108K on December 17, 2024. The current market capitalization stands at $1.85 trillion, accompanied by a trading volume of $64.15 billion. This sustained downturn raises a critical question among market participants: when will Bitcoin’s price descent come to an end?
The recent past three days have shown a consistent bearish trajectory, with the BTC cryptocurrency dropping from a crucial resistance level at $102,718 to its current value—a 9% decline. The short-term moving averages, including the 20-day MA at $96,166 and 50-day MA at $97,657, are currently acting as immediate resistance levels, stifling upward momentum.
Following this adverse price action, Bitcoin is approaching a potential support zone near $91,800—a historically significant level where prices have rebounded in the past. Failure to hold this line could push the token into a deeper correction towards the $85,000-$90,000 range—a region that has traditionally attracted substantial buying interest.
Source: www.cryptonewsz.com
