Bitcoin fails to sustain gains: Will the Decline Continue? (3/12/25)

Jakarta, Pintu News – Bitcoin (BTC) suffered a sharp drop below $88,000 and is now attempting to recover, despite facing significant hurdles.

Current State of Bitcoin

Bitcoin (BTC) recently failed to maintain its position above the $90,000 zone and experienced a deep drop. Bitcoin’s price dropped below $88,500 and $88,000, with the lowest drop reaching $83,870. Currently, Bitcoin is in a recovery phase, trying to overcome the losses it has incurred. However, future price movements are still full of uncertainty.

Also Read: 5 Signals Ethereum (ETH) Has Reached the Bottom After Dropping 28 Percent?

Recovery Efforts and Obstacles Faced

After bottoming out, Bitcoin tried to recover its position by breaking above the $85,000 level. The price managed to cross the 23.6% Fibonacci retracement level of the last drop from $91,928 to $83,870. Moreover, there is a breakdown of the short-term bearish trend line with resistance at $86,000 on the hourly chart of the BTC/USD pair.

Despite recovery efforts, Bitcoin is still trading below $88,000 and the 100-hour simple moving average. If buyers keep pushing, the price could try to rise again. Immediate resistance is near the $87,250 level. The first key resistance is near the $88,000 level or the 50% Fibonacci retracement level of the previously mentioned drop.

Potential for Further Price Decline

If Bitcoin fails to break the $88,000 resistance zone, there is a possibility that the price will drop again. Immediate support is near the $85,500 level, with the next major support at $85,000. The next support is at the $83,500 zone. If the decline continues, the price could head to the $82,500 support in the near future. The major support is at $81,200, where if the price drops below that, Bitcoin could experience a faster decline.

The Future of Bitcoin

Under current conditions, the future of Bitcoin seems full of uncertainties. Investors and market watchers should keep a close eye on technical indicators and market developments to make informed investment decisions. Aayush Jindal, with over 15 years of experience in financial markets, advises investors to be aware of possible price fluctuations.

Also Read: 5 Facts about Bitcoin Price Drop to US$ 85,000 – Implications for Crypto Market!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

FAQ

Q1: What are the main causes of Bitcoin’s recent price drop?

A1: Bitcoin’s price drop was caused by the failure to maintain a position above the $90,000 zone, which triggered a sell-off below $88,000 and $86,500.

Q2: What was the lowest point Bitcoin reached in the last downturn?

A2: In the latest downturn, Bitcoin bottomed out at $83,870.

Q3: What are the key resistance levels to watch if Bitcoin is trying to recover?

A3: The key resistance levels to watch are $87,250 and $88,000, which are the 50% Fibonacci retracement levels of the last drop.

Q4: What are the consequences if Bitcoin fails to break the $88,000 resistance?

A4: If Bitcoin fails to break the $88,000 resistance, the price may see a further decline, with the next critical supports at $85,000 and $83,500.

Q5: Who is Aayush Jindal and how has he influenced Bitcoin market analysis?

A5: Aayush Jindal is a financial market expert with over 15 years of experience, renowned for his sharp technical analysis in Forex and cryptocurrency trading, helping investors understand market dynamics.

Reference

• NewsBTC. Bitcoin Holds Key Support at $83,500, What Could Trigger A Fresh Increase. Accessed on December 2, 2025