Analysts Flag Key Bitcoin Support Levels as Bear Signals Emerge

[madmax]

strikethrough text

As selling pressure mounts, analysts are closely watching Bitcoin’s next major support zones. BTC has fallen roughly 9% from its 2026 high near $98,000 and is now trading below the cost basis of 75% of circulating supply — a level often associated with increased distribution risk. Glassnode warned that downside risk remains dominant unless Bitcoin can reclaim this threshold.

Market observers highlight the $84,000–$80,000 range as critical support. Onchain data shows heavy buyer concentration near $84,000, where nearly 1 million BTC were accumulated over the past six months. If that level fails, analysts say a deeper move toward $80,000 is possible. Combined with weakening derivatives markets and long-term holder selling, many believe Bitcoin could face an extended downtrend if these supports break.

[cryptobro]

btc below $90k + negative net realized profit for the first time in 2 years = early warning signs. support at $84k–$80k is critical.