Expect More Pain Ahead as Bitcoin Searches for a Bottom

The rebound above $85K wasn’t a real recovery.

$BTC is likely to range and retest lows before finding a bottom.

Breaking multi-year support means more downside risk remains.

The relief rally, triggered by dovish signals from the Federal Reserve, failed to flip market sentiment, and traders are now preparing for a choppy consolidation phase rather than a fast recovery.

Market Still Searching for Support

Bitcoin remains deep in bear-pressure territory, noting that buyers have shown no convincing strength yet. Technical metrics, Point toward a prolonged correction rather than a reversal. What makes this decline especially notable, in my view, is Bitcoin’s impact on the rest of the market — “BTC is steering the ship this time,” not simply responding to broader sentiment.

Adding to the cautionary outlook, The breakdown of Bitcoin’s multi-year ascending price channel, a structure that had cushioned BTC since 2023. Losing that key support, first built during the Trump-era bull run, now forces traders to identify a new foundational level from scratch.

A Range-Bound Battle May Come First

Expecting Bitcoin to form a base only after weeks — possibly months — of turbulent sideways movement. In his breakdown, the market could repeatedly revisit both lower levels and the $87,000–$90,000 region before any real direction appears.

BTC bouncing between extremes until liquidity clears. The analysis chart shows repeated tests across major support zones before a proper trend emerges.

Volatility Is Front and Center

The recent reaction to Fed rate-cut speculation shows that macro news still triggers short-term volatility — but it isn’t enough to overpower heavy selling pressure. Bitcoin’s intraday rebound faded quickly, reinforcing the idea that the market needs a deeper reset before the next bullish attempt.

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