By Crypto Spectators | March 29, 2025

Bitcoin (BTC) is currently under intense bearish pressure, failing to sustain its momentum above the key resistance level of $88,800. Over the past 24 hours, BTC has slipped below $87,000, signaling a potential shift in market sentiment. As Bitcoin tests critical support levels, key technical indicators such as the Directional Movement Index (DMI) and the Ichimoku Cloud are flashing warning signs of further downside movement.

With the crypto market experiencing increased volatility, many investors are questioning whether BTC can recover or if a deeper correction below $80,000 is on the horizon.

Sellers Are Gaining Control: DMI Signals Downtrend

The Directional Movement Index (DMI), a critical trend indicator, is showing a significant shift in Bitcoin’s momentum. As of today, Bitcoin’s ADX (Average Directional Index) stands at 21.51, a decline from previous levels. This suggests that market strength is weakening, making BTC more vulnerable to further losses.

More concerning is the crossover of the +DI (bullish indicator) and -DI (bearish indicator):

+DI has dropped from 26.33 to 14.58, indicating a sharp loss of buying momentum.

-DI has surged from 13.2 to 33.41, showing that sellers are now dominating the market.


This bearish crossover strongly suggests that Bitcoin may continue its downward trajectory unless a sudden surge in demand reverses the trend.

Ichimoku Cloud: Bearish Signals Intensify

The Ichimoku Cloud, a key indicator for identifying trend strength, is also turning bearish for Bitcoin.

BTC has broken below both the Tenkan-sen (blue line) and Kijun-sen (red line) – signaling weakening upward momentum.

More critically, Bitcoin has dropped below the lower boundary of the Ichimoku Cloud (Kumo), a major bearish indicator.


This cloud breakdown suggests that previous support zones may now act as resistance, making it difficult for BTC to stage a strong rebound.

With the Ichimoku Cloud thinning, Bitcoin could be entering a period of increased volatility, with a stronger likelihood of continued downside movement.

Key Support Levels to Watch

Bitcoin is now approaching a crucial support level at $84,736. If BTC holds above this price, it could signal a short-term consolidation before another move higher. However, failure to maintain this level could trigger a deeper decline toward the next major supports:

$81,162 – Key structural support from previous rallies

$80,000 – Psychological support level

$76,644 – Potential major downside target


If Bitcoin breaks below $80,000, we could see an even deeper correction, pushing BTC closer to $76,000 or lower in the coming weeks.

Can Bitcoin Reclaim $100,000?

Despite the current bearish outlook, macroeconomic factors could play a major role in Bitcoin’s next move.

Upcoming economic data from the U.S., including PMI reports and consumer confidence surveys, could influence investor sentiment. If these reports show strong economic growth, Bitcoin could receive a much-needed boost, helping it regain momentum.

For Bitcoin to reignite its rally and move toward $100,000, it must first break through $88,800. If BTC can clear this resistance, the next bullish targets are:

$92,928 – Short-term breakout target

$96,503 – Pre-$100K rally level


A successful push beyond these levels could set the stage for BTC to hit six figures in April.

Conclusion: Bitcoin at a Crossroads

Bitcoin’s next few days will be critical in determining whether the price continues downward or stages a strong rebound.

Bearish scenario: If BTC fails to hold above $84,736, the market could see a decline toward $80,000 or lower.

Bullish scenario: A break above $88,800 could send BTC toward $92,000+, with $100,000 still in play for April.


With market sentiment shifting, all eyes are on Bitcoin’s next move. Will BTC recover, or are we headed for a deeper correction?

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