Bitcoin Under Pressure: Analysts Expect Pullback to $80,000

Bitcoin Grapples with Resistance Levels

Bitcoin price remains under pressure and is currently trading just below the psychologically important $95,000 level. Compared to Thursday's close, BTC/USD recorded a decline of nearly 2 percent ^[2]. Following a rejection at the 2025 year-opening level, the price currently lacks the momentum for further upward movement.

Market observers are now focusing on deeper support zones. According to an analysis by trading account Exitpump, the order book heatmap shows a thin demand side, with larger buy walls only appearing at $86,000 and below ^[2]. Crypto investor Ted Pillows identified two relevant liquidity zones using CoinGlass data: "Upper liquidity lies at approximately $94,500, while lower liquidity is situated around $90,000" ^[2].

Technical Analysis Points to Further Corrections

Particularly revealing is the Ichimoku Cloud analysis by trader Titan of Crypto, which points to a possible support zone significantly below current levels. "BTC reached the previous weekly high but failed to break above the Kijun. A pullback to the Tenkan makes sense here. If this breaks, the next support lies at approximately $83,900," ^[2] the analyst explains.

Pillows views the current constellation as a typical setup where lower areas are tested first before a trend decision emerges. "A test of the lower liquidity before a reversal makes sense," ^[2] he commented on the situation.

Dogecoin Shows Early Bullish Signals

Meme coin Dogecoin is also in a critical phase. On the daily chart, DOGE continues its downward consolidation, though without forming new dynamic lows ^[1]. Notably, the Relative Strength Index (RSI) behavior is conspicuous, trending sideways despite falling prices. This discrepancy could indicate a bullish divergence, which is often interpreted as an early indicator for a potential trend reversal ^[1].

However, the path to a sustainable recovery is demanding. Dogecoin would first need to reclaim the 800 EMA on the daily chart, which serves as a central trend level ^[1]. Before that lie several resistance zones, including the 50 EMA, the 200 EMA, and pronounced resistance at approximately $0.18.

Short-Term Perspectives Remain Fragile

The 4-hour chart presents a more differentiated picture for Dogecoin. In the short term, there is risk of further downward movement, as open long positions from the impulsive down candle on December 2nd have not yet been cleared ^[1]. However, the setup remains constructive as long as the 50 EMA in this timeframe is not sustainably breached.

A clear reversal signal would only emerge above the $0.15 mark, which marks not only a locally relevant resistance but also the 200 EMA on the 4-hour chart ^[1]. The upcoming trading sessions will be decisive in determining whether technical divergences develop into a sustainable trend impulse or whether both cryptocurrencies continue to follow broader market weakness.