- Bitcoin continues failing to reclaim the key $82,000 resistance level
- Some traders now expect BTC to retest support or enter a new downtrend
- Crypto market volatility triggered roughly $330 million in liquidations within 24 hours
Bitcoin is once again struggling to break above the important $82,000 level, and traders are beginning to grow cautious about what comes next. After spending most of May trapped inside a tight trading range, BTC continues facing heavy overhead resistance while momentum starts weakening across the broader crypto market.
Several analysts now believe Bitcoin could soon retest lower support zones after repeated failed breakout attempts. Some traders are even warning that a broader downside trend may already be starting to form.
Traders Are Watching Support Closely
According to market analysts, Bitcoin remains stuck within a range structure that has controlled price action for weeks. Resistance levels tied to CME futures gaps and the 200-day moving average continue limiting upward momentum while buyers struggle to push beyond them.
One trader warned that Bitcoin will “likely break below” its current support area if selling pressure continues building. Another market analyst said BTC’s repeated rejection near $82,000 could signal the beginning of the next larger downtrend phase.
At the same time, volatility inside the broader crypto market triggered nearly $330 million in liquidations over the last 24 hours, split almost evenly between bullish and bearish positions.
Some Analysts Still See Bullish Potential
Not everyone is turning bearish just yet. Some traders still believe Bitcoin could eventually follow the strength seen in U.S. equity markets, which continue printing fresh all-time highs.
Others pointed to Bollinger Bands data showing buyers stepping in quickly whenever BTC approaches key support levels. As long as those areas continue holding, some analysts believe the market still has room for another move higher before any major breakdown develops.
For now though, Bitcoin remains trapped between stubborn resistance and weakening momentum, leaving traders waiting for a decisive breakout in either direction.
