Bitcoin losses rose 8 months with prices drop to less than 80,000 dollars

Bitcoin was struggling to recover it, as its price recently decreased to less than 80,000 dollars, which represents a great loss. The declining trend is intensified due to the weakness of the broader market, especially the impact of US President Trump’s commercial wars.

The decline in stock markets in the United States since the beginning of the month has affected Bitcoin as the global economic climate exacerbated.

Bitcoin investors lose great

NUPL STH (NUPL holders in the short term) (net profit and unveiled loss) has reached an increase of 8 months, indicating a possible transformation in the investor’s behavior. The short -term losses indicate that Bitcoin may have A period of surrender has passed, which means that the sale that moves it has reached its climax.

Surgication usually represents the bottom of the market contraction, indicating that the pressure pressure may reduce. However, the continuous landmarks in the broader market, driven by trade tensions and global economic uncertainty, are still a threat to bitcoin.

Although the bottom of the market may occur, short -term holders still face constant pressure due to the broader financial context.

Bitcoin total momentum It was greatly affected by modern financial market movements. According to the IOMAP index (inside/outside the money around the price), more than $ 25 billion of losses has been recorded during the past 48 hours.

About 330,850 BTC has been bought between $ 78,951 and 81,884 dollars per price, but Bitcoin is now circulating at $ 77,234, putting these red investors. This large profitability loss led to hesitation in many potential new investors, because the current market conditions do not seem favorable to achieve short -term gains.

Bitcoin struggle is multiplied in order to obtain traction in the face of these losses due to the conditions of the market that deter the new capital. IOMAP data indicates that Bitcoin may have difficulty in retreat, as more investors can be hesitant to buy in the current environment, pending more stable conditions.

BTC price needs support

Bitcoin price It has crashed 8 % over the past 24 hours, trading at $ 7675. The decline from $ 82,500 to its current level caused significant losses to investors. Bitcoin currently maintains the main support level of $ 76,741, but it is still vulnerable to more declines.

Moving forward, Bitcoin can continue to face mixed signals, and possibly standardize the level of support of $ 76,741. However, if the total economic conditions are aggravated, the decrease is to $ 74,000 or less. If Bitcoin fails to retain this support level, you may follow more declines, which extends to investors.

The only way to nullify the downward expectations Bitcoin to break More than 80,000 dollars and recover 82,503 dollars as support. If Bitcoin is able to maintain this upward movement, it may start to restore the last losses and restore the investor’s confidence.