Bitcoin Struggles at $82K – A Critical Resistance to Watch Now

• Bitcoin’s price at $82K is struggling against a strong resistance trendline.
• A breakout above $82K could send Bitcoin toward $95K.
• Failure to break the $82K trendline may lead Bitcoin to $75K or lower.

Bitcoin (BTC) experienced a dramatic flash crash on April 1, 2025, plummeting from $88.3K to $82.2K, wiping out over $300 million in liquidations. This was sparked by a significant announcement from Donald Trump regarding a tariff policy that rattled the market. The news sent Bitcoin spiraling downward, but traders are now looking to the charts for signs of a potential reversal. On the daily BTC/USDT chart, a critical trendline has been formed, and the market’s behavior now hinges on whether Bitcoin can break above or fall below this line. As of the latest analysis, the price is still below the trendline, raising questions about the next move.  

Resistance and Trendline Analysis

BTC’s price action has been trapped within a well-defined downward trendline, indicated by several consecutive lower highs, most recently in early March and mid-February 2025. Each touch of the trendline from above has marked a rejection, confirming its resistance power. The recent retest in late March resulted in another downward move, causing the price to dip from around $87K to just below $82K. This type of resistance, combined with the large drop, has led to significant market liquidations, including a substantial amount from leveraged positions. Now, the key question remains: Can Bitcoin finally break through this trendline?

The situation is further complicated by the fact that the daily candle closed below the trendline following the April 1 drop. A close below this level signals the potential for continued bearish pressure unless a decisive reversal happens. Traders are keeping a close watch on a potential breakout above the trendline, which could trigger a surge toward the next key resistance levels, such as $95K or higher. However, if the trendline continues to hold, Bitcoin could see further consolidation or even a deeper pullback to the $75K mark, a critical support level where the market might stabilize.

Market Sentiment and Future Outlook

Bitcoin’s price movements have become increasingly volatile, with swings between extreme bullishness and bearish corrections. The flash crash, alongside the news of the tariff announcement, further ignited concerns over market stability. Traders are now wary of further negative catalysts that could push Bitcoin below key support levels. At the same time, the growing interest in BTC as a hedge against inflation and economic uncertainty remains a factor that might drive future rallies.

Additionally, the resistance trendline observed on the chart is not just a technical marker; it reflects broader market sentiment. As Bitcoin’s price has failed to break above the trendline multiple times, each rejection strengthens the case for a potential correction. If Bitcoin fails to reclaim its momentum and break the trendline decisively, the $75K support level will likely come into focus. If this level also fails to hold, the next significant support could be around $70K, where market buyers may step in.