{"id":131040,"date":"2026-01-30T02:33:50","date_gmt":"2026-01-30T02:33:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=131040"},"modified":"2026-01-30T02:33:50","modified_gmt":"2026-01-30T02:33:50","slug":"bitcoin-price-10-tumble-sparks-fears-of-80k-give-way","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=131040","title":{"rendered":"Bitcoin Price 10% Tumble Sparks Fears Of $80K Give-Way"},"content":{"rendered":"

Bitcoin price started a major decline below $86,500. BTC is down nearly 10% and might soon test the $80,000 support zone.<\/em><\/p>\n

Bitcoin failed to remain above $86,500 and started another decline.
\nThe price is trading above $85,000 and the 100 hourly simple moving average.
\nThere is a bearish trend line forming with resistance at $83,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might dip further if it trades below the $81,000 and $80,000 levels.<\/p>\n

Bitcoin Price Dips Again<\/h2>\n

Bitcoin price failed to continue higher above the $88,000 zone<\/a>. BTC started a major decline below the $87,200 and $86,500 levels. The bears were able to push the price below $85,000.<\/p>\n

It spared major bearish moves, pushing the price below $82,000. A low was formed at $81,000 and the price is still signaling more downsides. There is also a bearish trend line forming with resistance at $83,200 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading below $83,200 and the 100 hourly simple moving average<\/a>. If the price remains stable above $80,000, it could attempt a fresh increase. Immediate resistance is near the $82,000 level. The first key resistance is near the $83,200 level or the 23.6% Fib retracement level of the downward move from the $90,438 swing high to the $81,000 low.<\/p>\n

<\/a><\/p>\n

A close above the $83,200 resistance might send the price further higher. In the stated case, the price could rise and test the $85,000 resistance. Any more gains might send the price toward the $85,700 level or the 50% Fib retracement level of the downward move from the $90,438 swing high to the $81,000 low. The next barrier for the bulls could be $87,000 and $87,500.<\/p>\n

More Losses In BTC?<\/h2>\n

If Bitcoin fails to rise above the $83,200 resistance zone, it could start another decline. Immediate support is near the $81,000 level. The first major support is near the $80,500 level.<\/p>\n

The next support is now near the $80,000 zone. Any more losses might send the price toward the $77,000 support in the near term. The main support sits at $75,000, below which BTC might struggle to recover in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $81,000, followed by $80,000.<\/p>\n

Major Resistance Levels \u2013 $82,000 and $83,200.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a major decline below $86,500. BTC is down nearly 10% and might soon test the $80,000 support zone. Bitcoin failed to remain above $86,500 and started another decline. The price is trading above $85,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $83,200 […]<\/p>\n","protected":false},"author":0,"featured_media":131041,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-131040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/131040"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=131040"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/131040\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/131041"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=131040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=131040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=131040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}