BitcoinZ USD Price & Performance (BTCZUSD)

Bitcoin's price remains under pressure as it struggles to break above the $85,000 resistance level. After forming a rounded top pattern and a death cross, analysts predict a bearish breakout could occur. If this happens, prices may test the $76,400 support level, signaling further volatility ahead in the market.1

A significant short position worth $517 million has introduced heightened volatility to Bitcoin trading. The position, with a tight liquidation range, has driven trading volumes up by 25% on Binance. This development could exert further downward pressure on Bitcoin’s price, which is hovering near $84,000.2

Bitcoin has dropped below key levels amid concerns over inflation and trade tariffs. The EU’s retaliatory tariffs and U.S. economic policies have deepened market uncertainty. Analysts warn that Bitcoin could correct to $75,000 or lower, reflecting broader risk-off sentiment in the crypto market.34