Bitcoin Price Faces Short Term Drop, Demand Declines
Despite maintaining a broader macro landscape, Bitcoin has experienced a sustained downward trend. Although long-term forecasts remain positive, short-term weaknesses suggest that BTC may continue to face sales pressure.
Investor behavior is not particularly supported, which leads to further uncertainty in the market.
Bitcoin needs investors’ support
The obvious demand for Bitcoin On-site demand has shrunk sharply in recent days. The contraction marks the biggest decline since July 2024 and the first decline in four months. The decline indicates an increasing investor suspicion, leading to reduced purchase interest rates and short-term bearish pressure.
The contraction of demand shows that market participants are reluctant to enter new positions. If demand is not fast, Bitcoin may struggle to maintain its current price level, adding further reduction risks.
As shown by the LTH net position change indicator, long-term holders (LTHS) have turned to accumulating excessive sales. These investors have accumulated over 107,413 BTC in the past 30 days. Historically, the accumulation signal of LTH has shown long-term confidence, but in the short term, it usually exists before the price weakness.
LTHS tends to accumulate at a lower price and start distribution during the cattle run. This model suggests Bitcoin Possible There are still some shortcomings before a meaningful recovery begins. Although long-term accumulation is positive, the direct impact may be an additional short-term impact volatility and potential price corrections.
BTC prices may drop further
The price of BitcoinCurrently at $82,305, the wedge wedge is extending down. Although this pattern has historically been bullish on the macro range, in the short term, it indicates a higher likelihood of a sustained decline. BTC may need to test lower support levels before confirming a reversal.
Given market conditions, the short-term price forecast is that Bitcoin could lose its critical $80,000 support level and drop to $76,741. If broader macroeconomic factors worsen, the decline could extend further, potentially as low as $72,000. This situation will create additional bearish pressure on the cryptocurrency market.
However, a shift in investor sentiment may change that trajectory. If the accumulation increases with psychological support of $80,000, Bitcoin may be regained Bullish momentum. Relocations of over $82,761 will pave the way for roads with BTC over $85,000, and eventually reach $87,041. Such developments will invalidate the bearish outlook and send out new market strength.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
