Bitcoin (BTC) Rebounds to $83.3K in Tuesday Trading Below Broken Trendline

Update 04:56 UTC: Later on Thursday, by 15:50 UTC, liquidation data showed the selling pressure behind the flush was broad, with 156,029 traders liquidated over the past 24 hours.

Second Test of the $80,000–$81,500 Demand Zone

On Tuesday, Bitcoin (BTC) price turned higher after a second test of nearby demand, rebounding toward $83,300 from the $80,000–$81,500 zone where buyers stepped in. The recovery has not yet crossed the rising trendline that broke during the recent selloff, so the structural damage from the drop is still in place. The sequence began with a rejection from the $86,500–$90,500 resistance zone, which pushed the market down into the lower portion of its ascending structure. Buyers responded around the $80,000–$81,500 demand band, and that response produced the rebound now trading near $83,300. What keeps the recovery incomplete is the trendline itself: while the market sits below the broken rising middle trendline, the rebound has not reversed the recent structural weakness. The broader backdrop still leans constructive. The 100-day moving average, near $73,300, sits above the 200-day average around $72,200, keeping the confirmed bullish crossover intact. Both averages, however, sit well below the current market and would provide limited protection if another leg lower arrived in the near term. From here, the $80,000–$81,500 zone decides the path. Holding it, together with the nearby lower boundary of the ascending structure, preserves the possibility of a recovery toward $85,000–$87,000, and a sustained reclaim of that region would return the broader $86,500–$90,500 supply zone to focus. A decisive loss of $80,000, by contrast, would weaken the ascending structure and expose the next major demand area at $75,000–$78,000. Traders reading the move through the support and resistance map will recognize the shift: the zone boundaries now carry the weight the broken trendline once did, and the Bitcoin market is trading on those lines rather than on the old trajectory.

Our composite scoring frames the same fight in numbers. Spot traded at $83,460.01 at the time of writing, down 0.38% over 24 hours, and sits just under the strongest resistance on the board, $84,071.13, scored 88/100. Below, the $81,067.99 support carries a 93/100 score, so the zone the daily chart marks as demand is also the heaviest cluster in our Bitcoin technical analysis model. With the RSI at 52.94, a bearish MACD read and the broader trend still pointed up, a daily close above $84,071.13 would change the picture; another rejection there would hand the $81,067.99 floor a fresh test. Derivatives positioning is calm: the perp funding rate stands at 0.0038% and open interest at $15.45 billion, with accounts split 57.6% long against 42.4% short and no visible leverage stress (as of 06:59 UTC).

Whale-Scale Orders Build Below $84,000

The four-hour chart shows the same fault line from closer range. Since the breakdown, the market has twice come back to the $80,000–$81,500 demand zone, and both visits drew buying interest; the rebound off the latest test has carried price toward $83,300, near the recent rebound highs around $84,000. That $84,000 line is the first checkpoint. A sustained move above it would support an advance into the $85,000–$86,700 supply zone, the consolidation area that preceded the selloff and the barrier that must fall before bullish momentum can be restored. Until buyers reclaim it, each rebound remains vulnerable to forming another lower high. On the downside, losing the recent $81,000–$81,500 lows would put the $80,000 lower boundary under pressure, and a confirmed break beneath the entire zone would extend the correction toward $78,000 and the broader $75,000–$78,000 support area. Layered over the chart is a second factor. Spot average order size data shows renewed big-whale readings during the recent action between $82,000 and $87,000, meaning average trade sizes have grown and large participants are active while the market consolidates below resistance. If those larger orders represent distribution or profit-taking, they could add selling pressure into rebounds and cap the recovery short of the supply zone. A crypto whale footprint, however, does not reveal trade direction, and the readings alone cannot confirm selling. The tell is behavior: large-order activity paired with failed recoveries and fresh downside breaks would strengthen the distribution scenario, while a sustained reclaim of $85,000–$86,700 would weaken it. The readings have now persisted across the latest swing between $82,000 and $87,000, which makes order-flow direction the variable to watch into the next test of resistance. Longer-cycle work, including a model that projects a cycle peak at $180,000 by September 2029, sits outside this window.

Later on Tuesday, by 15:50 UTC, the rebound had stalled, with follow-up hourly data showing price pinned near $83,266 as sellers defended the $83,800–$84,254 band. Multiple attempts to hold above $83,500 failed, and the hourly chart has printed lower highs since the lift off $80,948, leaving the recovery from the demand zone fragile. Oscillator readings are mixed and directionless: the RSI sits at 52.30, the stochastic at 37.39, the CCI at -94.04, the ADX at 29.47 and the MACD at 638.14, with seven of eleven oscillators neutral, two bullish and two bearish. The moving average picture is friendlier, with 10 of 15 averages bullish, though the 10-period SMA at $83,693 and the 20-period SMA at $83,952 now act as nearby caps. The working map: a break above $84,254 opens a push toward $85,000, while losing $82,500 exposes $81,700 and then $80,308.

Later on Thursday, macro pressure added to the stall into the New York session. Wall Street opened lower as mixed bank earnings and a selloff in semiconductors weighed on risk appetite, with the S&P 500 down 0.16% at 7794.80 and the Nasdaq off 0.20% at 27191.30. Bitcoin (BTC) traded at $83,488.16, up 0.87% from the earlier reading near $83,300, but stayed capped near the $83,800–$84,254 band, while major altcoins were mostly weaker. Analyst Ali Martinez flagged the 4-hour 50-day moving average near $84,000 as the key pivot, arguing that a daily close above it could open a move toward $93,000, while losing $82,500 would extend pressure toward $81,700 and $81,000.

The liquidation footprint behind the earlier drop has come into focus: forced selling across crypto markets wiped out roughly $728 million in leveraged positions, with longs absorbing 83% to 89% of the total, including a single roughly $9.65 million Bitcoin long on Binance liquidated near $81,773. Despite that flush, perp funding stayed mildly positive at 0.0037% to 0.0079% per 8-hour interval and longs held about 54% to 55% of positioning, suggesting bullish speculation survived the cascade. As of 1:15 p.m. Eastern, BTC was struggling to defend $83,000, printing an intraday low of $83,062 minutes earlier, with resistance at $84,000 to $84,250 and support near $82,000. Attention now turns to Wednesday's CPI report and Thursday's producer price data, which analysts say could heavily influence the crypto market.

Later on Thursday, by 15:50 UTC, liquidation data showed the selling pressure behind the flush was broad, with 156,029 traders liquidated over the past 24 hours. Meanwhile, Bitcoin (BTC) reclaimed $83,000 by that later reading, ahead of the CPI release on the 14th. On Scott Melker's podcast, Austin Campbell called the rebound a sign of market resilience but warned that faster integration with traditional finance brings new risks, including 24-hour tokenized stock trading, leverage and custody vulnerabilities, and that a deeper correction could strain capital-markets accumulation models like Strive's preferred stock fundraising.