Bitcoin technical analysis: BTC/USD momentum remains to the downside, $8000 insight

Bitcoin price is trading in negative territory, down some % in the second half of the session.
BTC/USD is firmly within the control of the bears, as the price continues to print lower highs.
Given the breach of $9000, the bears are hunting for a reversal of the jump from late October.

Ken Chigbo Independent Analyst

BTC/USD weekly chart

The price closed the week in the red and may be heading for another push to the downside, with $8000 insight.

BTC/USD daily chart

Daily price action remains tilted to the downside, next major support zone seen down at $8000-7800.

Spot rate: 8,993.28
Relative change: -3.25%
High: 9,068.25
Low: 8,693.18

BTC/USD

Overview
Today last price	8734.56
Today Daily Change	-297.82
Today Daily Change %	-3.30
Today daily open	9032.38

Trends
Daily SMA20	8844.84
Daily SMA50	8611.68
Daily SMA100	9562.5
Daily SMA200	9164.61

Levels
Previous Daily High	9137.8
Previous Daily Low	8747.37
Previous Weekly High	9580.19
Previous Weekly Low	8668.6
Previous Monthly High	10484.7
Previous Monthly Low	7300.54
Daily Fibonacci 38.2%	8988.65
Daily Fibonacci 61.8%	8896.51
Daily Pivot Point S1	8807.23
Daily Pivot Point S2	8582.09
Daily Pivot Point S3	8416.81
Daily Pivot Point R1	9197.66
Daily Pivot Point R2	9362.94
Daily Pivot Point R3	9588.09

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

Ripple bulls defend key support amid waning retail demand and ETF inflows

XRP ticks up above $1.40 support, but waning retail demand suggests caution. XRP attracts $4 million in spot ETF inflows on Thursday, signaling renewed institutional investor interest.

Crypto Today: Bitcoin, Ethereum, XRP rebound as risk appetite improves

Bitcoin rises marginally, nearing the immediate resistance of $68,000 at the time of writing on Friday. Major altcoins, including Ethereum and Ripple, hold key support levels as bulls aim to maintain marginal intraday gains.

Bitcoin Weekly Forecast: No recovery in sight

Bitcoin price continues to trade sideways between $65,729 and $71,746, extending its consolidation since February 7. US-spot ETFs record an outflow of $403.90 million through Thursday, pointing to the fifth consecutive week of withdrawals.

Pi Network Price Forecast: PI recovery stalls amid profit-taking

Pi Network tests 50-day EMA support on Friday, after a 5% decline the previous day. PiScan data shows large deposits on CEXs totaling over 4 million PI tokens in the last 24 hours, reflecting an exodus of investors taking profits.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.