• bitcoinBitcoin (BTC) $ 111,429.00
  • ethereumEthereum (ETH) $ 2,659.23
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.44
  • bnbBNB (BNB) $ 685.62
  • solanaSolana (SOL) $ 181.24
  • usd-coinUSDC (USDC) $ 0.999802
  • dogecoinDogecoin (DOGE) $ 0.246058
  • cardanoCardano (ADA) $ 0.809839
  • tronTRON (TRX) $ 0.273810
  • staked-etherLido Staked Ether (STETH) $ 2,653.76
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 111,329.00
  • suiSui (SUI) $ 3.84
  • hyperliquidHyperliquid (HYPE) $ 33.34
  • wrapped-stethWrapped stETH (WSTETH) $ 3,195.08
  • chainlinkChainlink (LINK) $ 16.67
  • avalanche-2Avalanche (AVAX) $ 25.14
  • stellarStellar (XLM) $ 0.304177
  • shiba-inuShiba Inu (SHIB) $ 0.000016
  • bitcoin-cashBitcoin Cash (BCH) $ 444.29
  • hedera-hashgraphHedera (HBAR) $ 0.204212
  • leo-tokenLEO Token (LEO) $ 8.88
  • the-open-networkToncoin (TON) $ 3.17
  • litecoinLitecoin (LTC) $ 100.49
  • polkadotPolkadot (DOT) $ 4.96
  • wethWETH (WETH) $ 2,656.30
  • moneroMonero (XMR) $ 380.88
  • usdsUSDS (USDS) $ 0.999734
  • pepePepe (PEPE) $ 0.000015
  • wrapped-eethWrapped eETH (WEETH) $ 2,837.17
  • bitget-tokenBitget Token (BGB) $ 5.43
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • pi-networkPi Network (PI) $ 0.820139
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 111,548.00
  • whitebitWhiteBIT Coin (WBT) $ 31.86
  • bittensorBittensor (TAO) $ 464.65
  • uniswapUniswap (UNI) $ 6.46
  • aaveAave (AAVE) $ 255.49
  • nearNEAR Protocol (NEAR) $ 3.06
  • daiDai (DAI) $ 0.999956
  • aptosAptos (APT) $ 5.74
  • jito-staked-solJito Staked SOL (JITOSOL) $ 218.47
  • ondo-financeOndo (ONDO) $ 1.02
  • okbOKB (OKB) $ 53.10
  • kaspaKaspa (KAS) $ 0.117103
  • internet-computerInternet Computer (ICP) $ 5.70
  • crypto-com-chainCronos (CRO) $ 0.100397
  • ethereum-classicEthereum Classic (ETC) $ 19.65
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • tokenize-xchangeTokenize Xchange (TKX) $ 36.04
  • official-trumpOfficial Trump (TRUMP) $ 14.37
  • render-tokenRender (RENDER) $ 5.19
  • gatechain-tokenGate (GT) $ 21.87
  • vechainVeChain (VET) $ 0.030537
  • mantleMantle (MNT) $ 0.759207
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • ethenaEthena (ENA) $ 0.417203
  • susdssUSDS (SUSDS) $ 1.05
  • cosmosCosmos Hub (ATOM) $ 5.19
  • worldcoin-wldWorldcoin (WLD) $ 1.53
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.877382
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.251373
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 110,789.00
  • arbitrumArbitrum (ARB) $ 0.428033
  • algorandAlgorand (ALGO) $ 0.241062
  • filecoinFilecoin (FIL) $ 3.08
  • fasttokenFasttoken (FTN) $ 4.39
  • celestiaCelestia (TIA) $ 2.84
  • bonkBonk (BONK) $ 0.000023
  • jupiter-exchange-solanaJupiter (JUP) $ 0.596279
  • sonic-3Sonic (prev. FTM) (S) $ 0.524569
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.73
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,657.47
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • binance-staked-solBinance Staked SOL (BNSOL) $ 190.81
  • fartcoinFartcoin (FARTCOIN) $ 1.56
  • blockstackStacks (STX) $ 1.01
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,775.43
  • kucoin-sharesKuCoin (KCS) $ 11.51
  • quant-networkQuant (QNT) $ 97.79
  • optimismOptimism (OP) $ 0.812136
  • injective-protocolInjective (INJ) $ 14.08
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.06
  • story-2Story (IP) $ 4.70
  • immutable-xImmutable (IMX) $ 0.711076
  • sei-networkSei (SEI) $ 0.243752
  • nexoNEXO (NEXO) $ 1.29
  • flare-networksFlare (FLR) $ 0.019550
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,016.45
  • dogwifcoindogwifhat (WIF) $ 1.26
  • eosEOS (EOS) $ 0.766364
  • the-graphThe Graph (GRT) $ 0.121436
  • usdt0USDT0 (USDT0) $ 0.999479
  • xdce-crowd-saleXDC Network (XDC) $ 0.072087
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 111,268.00
  • makerMaker (MKR) $ 1,754.98
  • curve-dao-tokenCurve DAO (CRV) $ 0.815191
  • flokiFLOKI (FLOKI) $ 0.000113
  • raydiumRaydium (RAY) $ 3.42
  • msolMarinade Staked SOL (MSOL) $ 234.81
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,828.12
  • theta-tokenTheta Network (THETA) $ 0.971044
  • galaGALA (GALA) $ 0.020955
  • jasmycoinJasmyCoin (JASMY) $ 0.019209
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 201.82
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.014544
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 110,999.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999450
  • paypal-usdPayPal USD (PYUSD) $ 0.999781
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,789.09
  • iotaIOTA (IOTA) $ 0.230630
  • lido-daoLido DAO (LDO) $ 0.967792
  • clbtcclBTC (CLBTC) $ 112,196.00
  • wbnbWrapped BNB (WBNB) $ 685.38
  • pyth-networkPyth Network (PYTH) $ 0.146919
  • coredaoorgCore (CORE) $ 0.836360
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • the-sandboxThe Sandbox (SAND) $ 0.337899
  • spx6900SPX6900 (SPX) $ 0.883646
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,782.91
  • tether-goldTether Gold (XAUT) $ 3,307.13
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.50
  • zcashZcash (ZEC) $ 49.52
  • pax-goldPAX Gold (PAXG) $ 3,311.51
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.81
  • based-brettBrett (BRETT) $ 0.079866
  • bitcoin-svBitcoin SV (BSV) $ 39.20
  • heliumHelium (HNT) $ 4.20
  • walrus-2Walrus (WAL) $ 0.572479
  • thorchainTHORChain (RUNE) $ 2.13
  • pendlePendle (PENDLE) $ 4.61
  • bittorrentBitTorrent (BTT) $ 0.00000076
  • dexeDeXe (DEXE) $ 12.52
  • kaiaKaia (KAIA) $ 0.121989
  • jito-governance-tokenJito (JTO) $ 2.15
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 110,538.00
  • flowFlow (FLOW) $ 0.435578
  • tezosTezos (XTZ) $ 0.656085
  • grassGrass (GRASS) $ 2.43
  • chain-2Onyxcoin (XCN) $ 0.019882
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999445
  • decentralandDecentraland (MANA) $ 0.341577
  • usual-usdUsual USD (USD0) $ 0.997716
  • polyhedra-networkPolyhedra Network (ZKJ) $ 2.05
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.246087
  • ousgOUSG (OUSG) $ 111.15
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,660.94
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • super-oethSuper OETH (SUPEROETH) $ 2,659.92
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 111,285.00
  • apecoinApeCoin (APE) $ 0.704096
  • ketKet (KET) $ 0.561591
  • aerodrome-financeAerodrome Finance (AERO) $ 0.679874
  • elrond-erd-2MultiversX (EGLD) $ 19.72
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009681
  • dydx-chaindYdX (DYDX) $ 0.713301
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.005526
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,757.91
  • aioz-networkAIOZ Network (AIOZ) $ 0.469567
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,831.71
  • starknetStarknet (STRK) $ 0.175261
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999754
  • mog-coinMog Coin (MOG) $ 0.000001
  • popcatPopcat (POPCAT) $ 0.546505
  • arweaveArweave (AR) $ 8.01
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,654.96
  • kaitoKAITO (KAITO) $ 2.12
  • tbtctBTC (TBTC) $ 111,441.00
  • axie-infinityAxie Infinity (AXS) $ 3.14
  • conflux-tokenConflux (CFX) $ 0.098496
  • deepDeepBook (DEEP) $ 0.198773
  • wormholeWormhole (W) $ 0.108192
  • true-usdTrueUSD (TUSD) $ 0.999358
  • neoNEO (NEO) $ 7.01
  • movementMovement (MOVE) $ 0.193052
  • telcoinTelcoin (TEL) $ 0.005303
  • pumpbtcpumpBTC (PUMPBTC) $ 108,808.00
  • roninRonin (RON) $ 0.738682
  • eigenlayerEigenlayer (EIGEN) $ 1.60
  • kavaKava (KAVA) $ 0.443327
  • ecasheCash (XEC) $ 0.000024
  • akash-networkAkash Network (AKT) $ 1.72
  • morphoMorpho (MORPHO) $ 1.70
  • aethirAethir (ATH) $ 0.051004
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999807
  • chilizChiliz (CHZ) $ 0.047051
  • beldexBeldex (BDX) $ 0.062754
  • saros-financeSaros (SAROS) $ 0.170727
  • apenftAPENFT (NFT) $ 0.00000045
  • ether-fiEther.fi (ETHFI) $ 1.36
  • beam-2Beam (BEAM) $ 0.008348
  • plumePlume (PLUME) $ 0.179209
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,659.25
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.10
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 38.41
  • wrapped-hypeWrapped HYPE (WHYPE) $ 33.56
  • mantra-daoMANTRA (OM) $ 0.428960
  • syrupMaple Finance (SYRUP) $ 0.381688

Bitcoin Price Analysis: Is $80K Next for BTC After Losing 2 Key Support Lines?

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Bitcoin Price Analysis: Is $80K Next for BTC After Losing 2 Key Support Lines?

Bitcoin’s price has been going through a significant drop over the last couple of days, losing a key support level.

However, there is still a good chance for the market to rebound soon.

Technical Analysis

By Edris Derakhshi (TradingRage)

The Daily Chart

On the daily chart, the largest cryptocurrency has been dropping rapidly this week, breaking below the key $92K level and turning it into a resistance. Currently, the 200-day moving average, located around the $82K mark, seems to be the next target for the price.

However, the RSI has entered the oversold region, indicating that the market is becoming oversold, and it could only be a matter of time before it experiences a rebound or at least a short-term bullish reversal. However, for the first scenario to materialize, the asset should first break back above the $92K level.

Bitcoin Price Analysis: Is $80K Next for BTC After Losing 2 Key Support Lines?

The 4-Hour Chart

Looking at the 4-hour chart, it is evident that the price has been making lower highs and lows over the last couple of months since getting rejected by the $109K resistance level.

While both the $100K and $92K levels have been lost, the price might still drop lower toward the $80K line in the coming weeks. Yet, with the RSI showing a clear oversold signal, a pullback or consolidation looks likely in the short term.

Bitcoin Price Analysis: Is $80K Next for BTC After Losing 2 Key Support Lines?

Sentiment Analysis

By Edris Derakhshi (TradingRage)

Open Interest

As Bitcoin’s price has been dropping over the past few days, many futures market traders are now beginning to lose their patience and liquidate their longs or even getting wrecked automatically. This can be seen in the open interest chart, which measures the number of open future positions.

The chart demonstrates a gradual decline in open interest during the recent correction. Meanwhile, the magnitude of the drop in OI could have been much bigger, as the market has already lost a key support zone. Therefore, the futures market can still be considered overheated, and more long liquidation cascades could occur in the short term to push the price even lower.

Bitcoin Price Analysis: Is $80K Next for BTC After Losing 2 Key Support Lines?

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