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Sadia Ali

Upbit Battles FIU: Dunamu Launches Explosive Lawsuit Over Crypto Sanctions

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  1. Dunamu, Upbit’s parent company, is challenging FIU sanctions in court.
  2. The dispute centers on a partial business suspension over alleged KYC violations.
  3. Upbit claims to have made necessary improvements but questions the severity of the penalties.

Dunamu, the parent company of Upbit, has launched a legal battle against South Korea’s Financial Intelligence Unit (FIU) over sanctions that include a partial business suspension. The company has brought an action in front of the Seoul Administrative Court on February 27 to overturn the ruling by the FIU. It has also sought an injunction to temporarily suspend enforcement in the meanwhile.

The contention is over allegations that the company violated the Special Financial Information Act by dealing with nonregistered foreign virtual asset providers and failing to fulfill requirements to identify customers.

Following an on-site inspection between August and October 2024, the FIU reported more than 500,000 Know Your Customer (KYC) compliance violations. This led to regulatory action in January 2025, restricting Upbit from allowing new customers to transfer virtual assets for three months, from March 7 to June 6.

Upbit Questions Severity of Sanctions

Dunamu has objected to the FIU report, citing that certain factors weren’t correctly accounted for. One of its representatives described that while corrections have been implemented by Upbit following an investigation, it disagreed with certain aspects regarding sanctions.

The sanctions by the FIU included suspending the company by three months, warning CEO Lee Seok-woo, and discharging Upbit’s compliance officer.

Despite these sanctions, the company has assured present customers that they can continue to trade unrestricted. New customers have only temporary withdrawal limitations while deposits, exchanges, and trading remain unchanged.

Upbit Reaffirms Compliance Efforts

In response to the regulatory crackdown, Upbit released an announcement to apologize to clients about the uncertainty brought about by sanctions. The firm reaffirmed that it was taking steps to tighten compliance systems better and strengthen internal controls. “We have estimated the necessary adjustments and have executed the necessary steps,” the announcement detailed.

Upbit also indicated that the imposed restrictions could change depending on court rulings, suggesting that if the sanctions are overturned or modified, new customers could regain full access to its services. The company emphasized its role in stabilizing South Korea’s anti-money laundering framework and pledged to uphold strict compliance standards moving forward.

The ruling is a key development in South Korea’s crypto market because regulatory attention to exchanges is growing. How enforcement is carried forward in the growing market in digital assets is something this ruling has the potential to decide.

Related Reading | Solana (SOL) Price Hits $125, Whale Activity Suggests Potential Recovery

TRON Dominates Altcoin Transactions, Massive Rally Ahead?

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  • TRON rebounded quickly from $0.22, showing resilience amid market volatility.
  • It leads altcoin transactions with a 41.6% market share, driven by USDT transfers and DeFi growth.
  • TRX could see a +444% upside, with projections pointing toward $1.11.
  • Its expanding DeFi ecosystem and increasing institutional interest strengthen its long-term potential.

Despite the recent volatility in the crypto market, TRON (TRX) has remained resilient, showing strong recovery potential. While many altcoins faced sharp declines, TRX held its ground, recently dipping to $0.22 before swiftly rebounding. This price action signals growing strength in TRON’s ecosystem as it continues to lead in altcoin transactions.

TRON Leads Altcoin Transactions with 41.6% Market Share

According to CryptoQuant, TRON has solidified its position as the most active altcoin network, commanding a 41.6% transaction share, excluding Solana (SOL) and Binance Coin (BNB). This dominance is fueled primarily by Tether (USDT) transfers and DeFi growth, as TRON serves as a key infrastructure for stablecoin transactions.

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TRON Dominates Altcoin Transactions, Massive Rally Ahead? 3

Over the past few months, TRON has maintained its lead, consistently holding around 40% of total altcoin transactions. Its ability to process high-volume, low-cost transactions makes it a preferred choice for stablecoin transfers, especially in emerging markets where USDT adoption is surging.

TRON’s Uptrend Signals +444% Potential Upside

Market optimism around TRX remains high. Crypto expert JAVON MARKS pointed out that TRX has been on an upward trajectory since its breakout and could still be positioned for significant gains. His analysis suggests that TRX could rally toward $1.11, representing a +444% potential upside from current levels.

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TRON Dominates Altcoin Transactions, Massive Rally Ahead? 4

Why TRON Remains a Strong Contender

TRON’s network plays a crucial role in the crypto economy by processing billions in USDT transactions, reinforcing its dominance in the stablecoin market. Additionally, its DeFi ecosystem continues to expand, attracting liquidity and new projects that further strengthen its position in decentralized finance. With high-speed, low-cost transactions, TRON also stands out as an efficient alternative to Ethereum, making it a preferred choice for stablecoin users seeking scalability and affordability.

With on-chain activity surging and institutional interest growing, TRX’s resilience in a volatile market could set the stage for its next major breakout. If momentum continues, TRX could be one of the strongest altcoin performers in the coming months.

Read More : XRP Eyes $3 as Market Rebounds, Can It Sustain the Momentum?

Dogecoin Faces Selling Pressure as Key Support at 0.19 Comes Under Threat

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  • Dogecoin struggles as Bitcoin’s drop below $90,000 triggers a market-wide sell-off.
  • DOGE’s network activity has declined by 95%, signaling reduced user engagement.
  • Key support at $0.19 remains critical; a breakdown could push prices toward $0.06.
  • Market uncertainty from new tariffs and the Bybit cyber attack adds to selling pressure.

Dogecoin (DOGE) is struggling to hold its ground amid a broader crypto market sell-off, triggered by Bitcoin’s drop below $90,000. The sudden downturn has fueled panic across the market, leading to significant losses for several altcoins, including DOGE.

Currently, Dogecoin is trading at $0.2044, with a 24-hour trading volume of $4.52 billion and a market cap of $30.20 billion. Over the past 24 hours, DOGE has seen a 4.42% decline, reflecting the bearish sentiment gripping the crypto market.

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Dogecoin Faces Selling Pressure as Key Support at 0.19 Comes Under Threat 8

The sell-off comes in the wake of mounting economic concerns, including newly imposed tariffs and the Bybit cyber attack, both of which have added to investor uncertainty. As a result, Bitcoin’s sharp decline has dragged the entire market down, impacting DOGE’s price performance.

Dogecoin Network Activity Plunges by 95%

On-chain data suggests Dogecoin’s network activity has dropped drastically, raising concerns about its future trajectory. Crypto researcher Ali Martinez pointed out that the number of active Dogecoin addresses has plummeted by 95%, from 2.66 million in November to just 130,282 today.

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Dogecoin Faces Selling Pressure as Key Support at 0.19 Comes Under Threat 9

This decline in user engagement signals weakening demand for DOGE transactions, potentially increasing selling pressure. Martinez further noted that long-term DOGE holders remain in “denial,” unwilling to acknowledge the downtrend.

DOGE Price at Risk – Key Support Levels to Watch

From a technical standpoint, the analyst highlighted that, DOGE is nearing a critical support level at $0.19. A breakdown below this mark could lead to a steep decline toward $0.06, indicating a much deeper correction.

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Dogecoin Faces Selling Pressure as Key Support at 0.19 Comes Under Threat 10

For DOGE to regain bullish momentum, it needs strong buying support to reclaim higher resistance levels. However, if the broader market remains under bearish pressure, Dogecoin’s downtrend may continue.

Investors should closely monitor Bitcoin’s movement, network activity, and key support levels to anticipate the next big move in Dogecoin’s price action.

Read More: Shiba Inu Charts Signal Rare 450% Opportunity About to Close

XRP Eyes $3 as Market Rebounds, Can It Sustain the Momentum?

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  • XRP faces strong resistance at $2.35, with a breakout potentially signaling renewed bullish momentum.
  • Key support at $2.20 must hold to avoid a drop toward $2.00.
  • RSI nearing oversold levels suggests a possible trend reversal.
  • Next upside targets include $3, with potential moves toward $5–$8 in bullish waves.

Ripple’s native cryptocurrency, XRP, has faced significant downward pressure over the past week, plunging 17% amid broader market turbulence. The altcoin dropped to a low of $2 before bouncing back as Bitcoin recovered from its $82,000 low. This relief rally has helped stabilize market sentiment, but XRP remains at a critical juncture, with traders closely monitoring its next move.

At the time of writing, the token is trading at $2.24, with a 24-hour trading volume of $12.24 billion and a market capitalization of $128.69 billion. The asset has declined 1.91% in the past 24 hours, reflecting ongoing uncertainty.

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XRP Eyes $3 as Market Rebounds, Can It Sustain the Momentum? 14

Key Support and Resistance Levels for XRP

According to crypto analyst EGRAG CRYPTO, XRP is currently testing crucial technical levels. In a 4-hour time frame analysis, he outlined several price points that could determine the asset’s short-term trajectory.

The first major resistance level is $2.35, a break above this level would push XRP back into a bullish channel, signaling renewed momentum. Conversely, $2.20 serves as an important support zone that must hold to prevent further downside.

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XRP Eyes $3 as Market Rebounds, Can It Sustain the Momentum? 15

If this level is breached, XRP could revisit $2.00, as the breakdown from an ascending triangle pattern suggests a potential retest of this area. However, traders should expect some wicking rather than a prolonged stay at this lower level.

Despite short-term volatility, long-term projections remain bullish, with expectations of the token reaching double-digit price levels in the coming months.

XRP Targets $3 as Bullish Wave Takes Shape

Another well-known trader, Dark Defender, has pointed out that XRP is finalizing an ABC correction pattern on the daily time frame. The Relative Strength Index (RSI) is nearing oversold levels, a key indicator that often signals an upcoming reversal. If the token follows historical trends, this could mark the end of the correction phase and the beginning of a strong upward move.

Based on wave analysis, the next upside targets include $3 as the initial breakout level, followed by a potential move toward $5–$8 in the next bullish waves (Wave 3–5).

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XRP Eyes $3 as Market Rebounds, Can It Sustain the Momentum? 16

Moreover, on the downside, $1.88 – $1.91 serves as a crucial support zone, where buyers may step in to prevent further declines. On the upside, resistance levels at $2.44, $2.99, and $5.85 could act as hurdles for XRP’s recovery, with a breakout above these points potentially signaling a strong bullish continuation.

Will XRP Break Out or Face More Downside?

With XRP holding critical support and showing signs of an imminent reversal, the next few days could be pivotal. If the price manages to break above $2.35, it could confirm a return to bullish momentum. However, a drop below $2.20 might extend the correction, with a possible retest of the $2.00 zone before rebounding.

As Bitcoin and the broader crypto market stabilize, XRP’s next move could define its trajectory for the coming weeks. Whether bulls regain control or further downside occurs, traders remain on high alert for the next major price action.

Read More : Bitcoin Flashes Strong Buy Signal as Bearish Sentiment Hits Extreme Levels

Bitcoin Market on Edge: Will Long Position Spike Trigger a Further Decline?

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  • Bitcoin dropped 12% to $82K, then rebounded to $86,441, with a market cap of $1.72T.
  • Long positions on Bitfinex surged, raising liquidation risks.
  • Bitcoin reached key support levels and needs to reclaim $90K for bullish momentum.
  • If resistance holds, BTC may stay in the $80K-$90K range.

Bitcoin (BTC) has experienced significant turbulence over the past week, plunging 12% to a low of $82,000 before staging a sharp rebound. Despite the decline, BTC has shown resilience, quickly bouncing back to its current price of $86,441. The cryptocurrency’s 24-hour trading volume stands at $130.67 billion, with a market capitalization of $1.72 trillion.

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Bitcoin Market on Edge: Will Long Position Spike Trigger a Further Decline? 20

With BTC facing heightened volatility, traders are now watching key technical levels to determine whether the market has found a bottom or if further downside is on the horizon.

Bitfinex Long Positions Spike, A Warning Sign?

A familiar pattern is emerging on Bitfinex, where long positions tend to rise sharply during price declines, often leading to increased liquidations. Currently, long positions on the exchange have surged by 5,100 BTC, while short positions have only increased by 1,000 BTC. This imbalance suggests that large investors (whales) could be strategically selling into the market, increasing the risk of further downside.

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Bitcoin Market on Edge: Will Long Position Spike Trigger a Further Decline? 21

If this trend continues, BTC may face additional downward pressure as long positions get squeezed. However, if the market stabilizes, Bitcoin could establish a local bottom, paving the way for a potential recovery.

Can Bitcoin Reclaim $90K and Reverse the Downtrend?

According to crypto analyst Daan Crypto Trades, Bitcoin has reached a critical support level after losing the $90K range low. The price has now tapped the golden Fibonacci retracement level, as well as the Daily 200MA/EMA, a historically significant indicator of market trends.

For BTC to regain bullish momentum, it must reclaim the $90K level. A successful retest of this zone could signal the start of a recovery. However, if resistance holds, Bitcoin may continue to trade within a range between $80K and $90K in the near term.

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Bitcoin Market on Edge: Will Long Position Spike Trigger a Further Decline? 22

With uncertainty still looming, traders and investors will be closely monitoring BTC’s movements. Will Bitcoin reclaim $90K and spark a rally, or will further selling pressure drive the price lower? The coming days will be crucial in determining the next phase of the market.

Read More : Solana Crashes To $131, Hits Five-Month Low Post-LIBRA Scandal

Solana (SOL) Faces Steep Decline: Transfer Volume Plummets, But $500 Potential Remains

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  • Solana (SOL) has dropped significantly, with transfer volume falling from $1.99 billion in November 2024 to $14.57 million.
  • SOL is down 56% from its all-time high, testing key support levels between $140-$120, with further risk if it falls below $115.
  • Despite recent volatility, experts remain optimistic, with predictions of Solana reaching $500 or more in the next altseason.

Solana (SOL), a prominent player in the cryptocurrency world, has recently been hit hard by significant volatility, seeing a sharp decline in its value. The sudden downturn can be largely attributed to a broader market sell-off that triggered widespread fear among investors, sending altcoins, including Solana, into a downward spiral.

According to crypto market expert Ali Martinez, Solana’s transfer volume has dramatically decreased, falling from a robust $1.99 billion in November 2024 to a mere $14.57 million today. This sharp decline signals a stark reduction in network activity, which typically correlates with diminished investor confidence and market uncertainty.

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Solana (SOL) Faces Steep Decline: Transfer Volume Plummets, But $500 Potential Remains 26

Currently, Solana’s price stands at $137.15, reflecting a minor 0.11% decrease in the last 24 hours. The cryptocurrency’s 24-hour trading volume is $11.75 billion, with a market capitalization of $66.72 billion. Despite these substantial numbers, the prevailing market sentiment is one of caution and hesitation, with many investors waiting for signs of stability before committing further funds.

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Solana (SOL) Faces Steep Decline: Transfer Volume Plummets, But $500 Potential Remains 27

Solana’s Crucial Support Level Test

In light of Solana’s recent performance, crypto expert Crypto Patel provided an important technical update. Patel noted that SOL is currently down by an alarming 56% from its all-time high (ATH) in just 40 days. This sharp decline has led to liquidations for many traders, particularly those who were over-leveraged. Patel emphasized the importance of sound risk management practices to mitigate such risks during times of heightened volatility.

From a technical standpoint, SOL is now testing a crucial retest zone after its breakout. This phase is critical, as it will determine whether SOL can hold its support levels and avoid further losses. According to Patel, potential re-entry levels for SOL are between $140 and $120, but caution is advised. If the price falls below $115, Solana could experience a further bearish trend, with potential drops to the $100-$70 range.

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Solana (SOL) Faces Steep Decline: Transfer Volume Plummets, But $500 Potential Remains 28

Despite these challenges, Patel remains optimistic about Solana’s long-term potential, predicting that the altcoin could reach $500 or more during the next altseason. However, the path ahead remains uncertain, and as always, investors are encouraged to conduct thorough research (DYOR) before making any investment decisions in the high-risk world of cryptocurrency.

With the crypto market facing increasing turbulence, SOL’s performance will undoubtedly be one to watch in the coming weeks. While the short-term outlook appears uncertain, the cryptocurrency community remains hopeful for a recovery as market conditions stabilize.

Read More : Bitcoin ETFs See Record $935M Outflows Amid Market Sell-Off  

Bitcoin at Crossroads, Key Support at $71,970 and Resistance at $90,000 in Focus

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  • Bitcoin (BTC) dropped sharply, wiping out $150 billion from the crypto market.
  • BTC must reclaim $90,000 to confirm a potential market bottom.
  • Key support levels at $71,970 could come into play if weakness persists.
  • Traders brace for volatility as Bitcoin hovers near critical price zones.

Bitcoin (BTC) took a sharp downturn in the last 24 hours, wiping out $150 billion from the total cryptocurrency market capitalization. The leading digital asset is currently retesting key support levels amid heightened market uncertainty, raising speculation about a potential reversal.

At the time of writing, Bitcoin is trading at $87,155, reflecting a 1.89% decline in the past day. Its 24-hour trading volume stands at $73.81 billion, while its market capitalization has shrunk to $1.73 trillion, maintaining a 59.25% market dominance.

BTC 1M graph coinmarketcap
Bitcoin at Crossroads, Key Support at $71,970 and Resistance at $90,000 in Focus 32

Bitcoin Key Support Levels Hold the Spotlight

The recent sell-off has brought Bitcoin dangerously close to crucial technical levels. Market participants are closely watching for a weekly close above $90,000, which could confirm a market bottom and signal the end of the ongoing correction. However, failure to hold above this level may expose BTC to deeper retracements.

Crypto expert Ali Martinez has drawn attention to Bitcoin’s resemblance to its 2021 market cycle, warning that the current price action could lead to a prolonged period of consolidation before the next downward move.

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Bitcoin at Crossroads, Key Support at $71,970 and Resistance at $90,000 in Focus 33

Critical On-Chain Levels to Watch

Martinez further pointed out that the Short-Term Holder Cost Basis stands at $92,835, a pivotal level for BTC’s price structure. If Bitcoin fails to reclaim this zone, the next major support rests at the Low-Band level of $71,970, marking a potential downside target.

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Bitcoin at Crossroads, Key Support at $71,970 and Resistance at $90,000 in Focus 34

With BTC at a crossroads, traders are bracing for high volatility. A decisive bounce from current levels could reignite bullish momentum, while continued weakness may lead to an extended correction phase. For now, all eyes remain on $90,000, as its reclaim could serve as a crucial turning point for the market.

Read More : Ripple Unveils Bold Plan for XRPL Programmability: Smart Features

Sui (SUI) Holds Strong Amid Market Turmoil, Eyes Bullish Breakout

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  • Unlike many altcoins, SUI has minimized losses and quickly rebounded from $2.64.
  • The $2.66 level remains strong, preventing further declines for now.
  • A move above $3.49 could signal a bullish reversal, with $3.90 confirming an uptrend.
  • Holding the 200-day MA and forming a higher low suggest SUI may be gearing up for a rally.

The cryptocurrency market has been experiencing extreme volatility, with Bitcoin facing a sharp decline and major altcoins suffering significant losses. However, SUI has shown remarkable resilience, managing to withstand the bearish pressure better than most.

While SUI did experience a slight downturn, its losses were minimal compared to other altcoins. The token recently hit a low of $2.64 but quickly rebounded, signaling strong buying interest and an attempt to push toward higher price levels.

Currently, the token is trading at $2.96, reflecting a 0.57% decline in the past 24 hours. Despite this minor drop, the token maintains a market capitalization of $6.91 billion and a 24-hour trading volume of $4.40 billion. These figures suggest that investors are still actively trading the token despite the market turbulence.

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Sui (SUI) Holds Strong Amid Market Turmoil, Eyes Bullish Breakout 38

SUI Critical Support and Resistance Levels

According to More Crypto Online analysis, SUI continues to hold above the $2.66 support level, maintaining a sideways trading pattern. This level has proven to be a strong floor for the asset, preventing further declines for now. However, wave 2 is still developing, meaning there is no definitive confirmation that the token has reached a bottom.

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Sui (SUI) Holds Strong Amid Market Turmoil, Eyes Bullish Breakout 39

A break above $3.49 could serve as an early indication of a bullish reversal, while a move beyond $3.90 would provide stronger confirmation that the token has exited the correction phase. On the downside, if $2.66 fails to hold, the next significant support level to watch is $1.99.

SUI’s Market Outlook: Poised for a Breakout?

Crypto market expert Captain Faibik highlighted that SUI’s price action remains strong on the daily chart. The token has partially filled the February 3 wick, formed a higher low, and successfully held the 200-day moving average (MA), reinforcing its bullish momentum.

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Sui (SUI) Holds Strong Amid Market Turmoil, Eyes Bullish Breakout 40

These bullish signals suggest that with continued consolidation between $2.50 and $3.50, SUI could be gearing up for its next major upward move.

As the broader market stabilizes, traders are closely watching whether SUI can break key resistance levels and confirm a new bullish trend. If momentum continues, the token could be on track for a significant rally, making it a key asset to watch in the coming days.

Read More: VeChain’s Dynamic VTHO Model Slashes Inflation by 72.2%

Whales Accumulate HYPE With Millions in USDC Despite Bearish Trend

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  • HYPE drops 8.50% as altcoins face heavy selling pressure amid market volatility.
  • Bitcoin slips below $90K, adding pressure to the broader crypto market.
  • Bybit hack shakes market after $1.4 billion in crypto is stolen, fueling sell-off fears.
  • Whales accumulate HYPE with millions in USDC deposits despite the bearish trend.

The cryptocurrency market is facing intense volatility, with HYPE experiencing a sharp decline as broader altcoin prices tumble. The downturn comes in the wake of a massive cybersecurity breach at the Bybit exchange, where hackers reportedly stole over $1.4 billion in digital assets, primarily Ethereum (ETH). This has triggered widespread fear of a potential sell-off, adding to the already fragile market sentiment.

Bitcoin (BTC) has also suffered a steep decline, slipping below $90,000, which has further pressured altcoins. The cascading effect has led to significant losses across the market, with Hyperliquid among the tokens facing heavy selling pressure.

Currently, the token is trading at $19.74, with a 24-hour trading volume of $204.76 million and a market cap of $6.59 billion, reflecting an 8.50% drop in the past day.

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Whales Accumulate HYPE With Millions in USDC Despite Bearish Trend 44

Interestingly, despite the bearish market conditions, the token has recorded its highest weekly trading volume against Binance perpetual contracts. Data shows that Binance accounts for 83.6% of the trading volume, while Hyperliquid holds 16.4%, sparking speculation about a potential “bullish dump” scenario.

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Whales Accumulate HYPE With Millions in USDC Despite Bearish Trend 45

Whales Accumulate HYPE Despite Market Volatility

Amid this volatility, on-chain data suggests that large investors are accumulating the token. Lookonchain data reveals that multiple whale wallets have made significant purchases.

A wallet (0x9f70…DB0D) deposited $5 million USDC into Hyperliquid just 15 hours ago to buy HYPE, while another (0x8AD6…f23D) added $2.07 million USDC in the past 24 hours. Additionally, a third wallet (0x48F1…359c) deposited $1.35 million USDC just 8 hours ago.

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Whales Accumulate HYPE With Millions in USDC Despite Bearish Trend 46

While market sentiment remains shaky, whale activity suggests growing confidence in the token’s long-term potential. Whether this accumulation leads to a price rebound or further declines remains to be seen, but the coming days will be crucial for the token and the broader crypto market.

Read More: Is Bitcoin’s $85K Support About to Crack? The Bulls vs. Bears Battle

Bitcoin (BTC) Plunges 8%, Key Support Levels to Watch as Volatility Spikes

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  • Bitcoin drops 8%, trading at $86,943 amid increased market volatility.
  • Network activity declines as new Bitcoin addresses hit their lowest level since July 2024.
  • BTC tests the 1-day 200 EMA, a key support level that could trigger a short-term bounce.
  • Losing the $85,700–$84,900 range may push Bitcoin toward $80,000 or lower.

Bitcoin (BTC) is facing a sharp downturn, plunging 8% in the past 24 hours as market volatility intensifies. As of today, BTC is trading at $86,943, with a 24-hour trading volume of $110.43 billion and a market capitalization of $1.72 trillion. The sudden drop has raised investor concerns, as technical indicators hint at further potential downside.

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Bitcoin (BTC) Plunges 8%, Key Support Levels to Watch as Volatility Spikes 50

Bitcoin Network Activity Declines

Adding to bearish sentiment, on-chain data shows a significant decline in Bitcoin network activity. Ali Martinez, a well-known crypto expert, pointed out that the number of new Bitcoin addresses created daily has dropped to 240,534, marking the lowest level since July 2024. This decrease in network adoption suggests weakening demand, a factor that has historically correlated with declining prices.

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Bitcoin (BTC) Plunges 8%, Key Support Levels to Watch as Volatility Spikes 51

At the same time, BTC has touched a key multi-timeframe (MTF) support level, the 1-day 200 EMA. This level has previously acted as strong dynamic support, meaning it could trigger a short-term relief rally (dead cat bounce). If BTC rebounds, it may attempt to retest the $92,500 resistance zone before determining its next direction.

Key Support and Resistance Levels for BTC

If BTC fails to hold the $85,700–$84,900 range, further downside could be expected. The next key support zones include the $80,000–$82,000 range, which may act as a potential bounce area if selling pressure persists. Below that, the $74,000 high-timeframe (HTF) level stands as a critical support, potentially shaping Bitcoin’s long-term price trajectory.

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Bitcoin (BTC) Plunges 8%, Key Support Levels to Watch as Volatility Spikes 52

On the other hand, if bulls manage to reclaim $93,700 as support, Bitcoin could regain strength and push higher. However, failure to hold above key levels may lead to continued selling pressure, with the 200-day EMA acting as a decisive battleground for BTC’s next move.

Will Bitcoin Recover or Drop Further?

With increasing volatility and declining network engagement, BTC’s next move remains uncertain. If BTC finds strong buying interest at its current support levels, a relief rally could be on the horizon. However, if bearish momentum persists, BTC may slide toward lower demand zones, with $74,000 being the ultimate critical support.

As market uncertainty grows, traders and investors are closely watching BTC’s price action. The next few trading sessions will be crucial in determining whether BTC stabilizes or extends its bearish trajectory. Stay tuned for more updates as BTC navigates this volatile phase.

Read More: XRP Lawsuit: Lawyer Highlights SEC’s Settlement Delay Reasons