Bitcoin at $82K; Downfall to $75K Likely?

Bitcoin crashes near $80k warns of a downfall to $75k as sellers dominate the trend. Will bulls fail at $80k support? Learn more here!

Written by Sahil Mahadik

Fact checked by Harsh Chauhan

Published Mar 10, 2025, 10:35 UTC

Why trust CryptoNewsZ?

✓ CryptoNewsZ distinguishes factual reporting from commentary and opinion to help readers understand the nature of the content they are reading.

✓ CryptoNewsZ follows a rigorous Editorial Policy that prioritizes factual accuracy, reliable sourcing, thorough verification, and proper attribution of quotes and media.

✓ Our journalist team ensures that cryptocurrency news and analysis are supported by reliable evidence, relevant context, and careful editorial review.

✓ We follow a comprehensive Review Methodology to evaluate exchanges, reviews, and tools using consistent criteria, thorough research, and transparent assessment practices.

Bitcoin is trading at a market price of $82,478, witnessing a 3.46% drop in the past 24 hours. This comes after the bearish engulfing candle formed by a 6.36% drop on Sunday.

Currently, the intraday recovery of 2.20% hints at a potential bounce back as Bitcoin floats above $80,000. Will the short-term recovery manage to avoid a closing below the $80,000 mark?

Bitcoin Price Analysis Warns $80k Breakdown

The daily chart showcases a declining BTC price trend that has marked the lowest daily closing price since November 11. Currently, the short-term recovery in BTC trades at $82,587 with a 24-hour high at $84,000.

This showcases bullish sustenance above $80,000 before reaching the crucial support level of $76,722. The massive, intense pullback over the past four days has led to a bearish alignment of the MACD and signal line.

Furthermore, the resurgence of bearish histograms is signaling a selling opportunity.

Based on the horizontal levels and the pivot indicator, the downfall in BTC is projecting a potential pullback to $75,000. On a bullish front, the critical resistance is at $86,700.

ETFs Record Massive $739M Outflow Last Week

Amid the declining Bitcoin prices, the institutional support for Bitcoin has failed to resurface over the last week. As per the tweet by SpotOnChain, the Bitcoin ETFs recorded an outflow of $739.2 million over the past week.

Furthermore, the Ethereum ETFs witnessed an outflow of nearly $94 million. This marks the fourth consecutive week of outflow for Bitcoin ETFs. Since February 10, the total outflow in Bitcoin ETFs has reached $4.49 billion.

Analyst Suggests Potential Bounce Back For Bitcoin

Despite the sudden increase in bearish pressure, analyst Ali Martinez expects the short-term bullish recovery to lead the next bull run As per the analyst, if Bitcoin declines to $84,000 as support, the BTC price could rally to an all-time high of $128,000.

This is based on the cumulative value destroyed at the bottom and top indicators. Based on the data from CryptoQuant, the target is predicted by the Accessing Tops line.

Written By Sahil Mahadik

Sahil Mahadik is a market writer at CryptoNewsZ with over three years of experience. He tracks price action and market trends in the crypto world. His work has appeared in major outlets like Pepper Content. Sahil specializes in technical analysis. He uses tools like on-chain data and chart patterns to find trading signals. He is also covering long-form price predictions. Sahil writes popular guides on the best altcoins to invest in and top crypto picks for long-term growth. As an active trader, he uses his hands-on experience with DeFi tools and exchanges to give readers simple, data-backed advice.

Fact Checked By Harsh Chauhan

Harsh Chauhan is a Senior News Editor at CryptoNewsZ. He has spent years reporting on the digital economy. He focused on DeFi, NFTs, AI, and digital asset developments. Harsh has a BBA in Marketing and a Blockchain Foundation certification. He does more than just share news. He uses on-chain data to explain Bitcoin ETFs and tokenized assets. Harsh is also a hands-on user. He has been staking and trading NFTs since 2021. His work helps readers understand a complex market with simple, data-backed facts.

Our Standards and Commitments

Investment disclaimer

CryptoNewsZ publishes cryptocurrency and financial news for informational and educational purposes only. Our content is not investment advice or a recommendation to trade. Crypto markets carry significant risks, so readers should conduct their own research before investing. Read our Investment Disclaimer for details.

Ad Disclosure

CryptoNewsZ is committed to transparency, clearly identifying advertising, sponsored content, and promotional material where applicable. Commercial relationships do not constitute independent editorial endorsements. Visit our Advertise page to learn more.

Editorial Policy

CryptoNewsZ follows editorial standards that prioritize accuracy, credible sources, and accountability. We aim to correct material errors and distinguish factual reporting from opinion. Read our Editorial Policy to learn more about our newsroom practices.