Bitcoin Hovers Above $95,000 Amid Bearish Market Signals
Bitcoin continues to hover dangerously above the $95,000 area, but the latest market structure suggests the sell-off may not be finished. Traders watching the trend closely are now preparing for the possibility of another wave lower, with several analysts indicating that the charts support this scenario.
Support Break Signals Momentum Shift
For months, Bitcoin’s price movement stayed inside a rising channel, repeatedly bouncing off trend support. However, that support has now snapped.
Analyst Ali Martinez highlighted that the break invalidated the structure keeping BTC stable through the previous consolidation phase, turning the technical picture from neutral to decisively bearish. The failure to reclaim $100,500 marked the moment the trend changed. Since then, Bitcoin has printed a sequence of lower highs and lower lows — a textbook downtrend.
Martinez expects a brief pause between $95,000 and $97,000 before the next leg lower, unless buyers step in with strength. According to his projection, the first pressure points are at $91,500 and $89,000, followed by $86,500. If none of these levels hold, a retreat toward the $83,000 region becomes increasingly probable.
Extreme Fear Takes Hold Across the Market
The psychological backdrop mirrors the charts. The Bitcoin Fear & Greed Index has collapsed to 10 — a reading typically associated with peak panic and heavy risk avoidance. This indicator hasn’t been this low since the Terra LUNA collapse in 2022 and has remained stuck in Extreme Fear territory for weeks, rather than just days.
Historically, this kind of sentiment breakdown has often marked the final phase of capitulation. However, timing remains unpredictable, as markets can remain extremely fearful long before a rebound begins.
Analyst Predicts a Local Bottom Within Days
Analyst Michaël van de Poppe shared a slightly different perspective. He notes that despite the weak weekly candle and downward pressure on lower timeframes, Bitcoin often experiences a temporary bounce at the end of the week.
In his view, a low may form within the next three to five days, allowing the following weekly candle to build the structure for a potential bottoming process. His outlook acknowledges short-term downside risk but suggests that the bottoming phase could be closer than current sentiment implies.
What Traders Are Waiting For
Both analyses point to the same pivotal question: when — not if — the next major support test happens, will buyers defend the level?
A decisive reaction in the mid-$90K zone could prevent deeper losses and potentially spark relief. Conversely, a weak rebound would leave the chart vulnerable to a slide through successive support levels until value buyers finally return.
Until sentiment turns, the market remains driven more by fear than conviction. The next move will likely depend on whether buyers are willing to step in while uncertainty is still at its peak.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
About the Author
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets.
Alex’s insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
