BITCOIN BREAKDOWN: Is $75,000 Next After the $85,000 Floor Snaps?
The "safety net" has officially snapped. For the first time in two months, $BTC has plunged below the critical $85,000 support level, sending shockwaves through the market. What was once a solid floor has now turned into a ceiling, and the charts are flashing warning signs of a deeper correction.
š Why the $85k Breach Matters
Bitcoin has spent weeks bouncing off the $85,000ā$88,000 range. By closing below this zone, the market has confirmed a bearish breakdown. This move isn't just a "dip"; itās a shift in market structure that could trigger a massive wave of liquidations.
š© The Red Flags:
Massive ETF Outflows: Over $1.1 Billion has exited Bitcoin Spot ETFs in just the last week. Institutional "smart money" is hitting the sidelines.
The "Gold" Pivot: Investors are rotating capital into Gold as it hits record highs, leaving BTC struggling to maintain its "Digital Gold" narrative for now.
Macro Pressure: With the Fed maintaining a cautious stance and unemployment data shifting, risk assets are facing a heavy "sell-the-news" environment.
šÆ The Next Targets
With the $85,000 floor gone, analysts are eyeing $80,000 as the first psychological pitstop. However, if the selling pressure doesn't subside, the real technical support sits at $75,000āa level not tested since the early 2025 rallies.
Are you buying this blood or waiting for the $75k retest? š