Bitcoin Panic: $90K Support Breaks – Bottom Near?

Market Analysis: Bitcoin’s Largest 2025 Sell-off

Bitcoin has just experienced its most significant sell-off of 2025, plummeting below the critical $90,000 support level to reach $82,000 before a modest recovery to $86,000. This dramatic price action, which saw approximately 79,300 BTC liquidated, has sent shockwaves through the crypto market and left investors questioning whether we’ve found a bottom. As previously reported, this massive BTC dump has triggered widespread market concerns.

Technical Analysis Reveals Critical Support Level

The most encouraging sign for Bitcoin bulls is the cryptocurrency’s current position at the 200-day Exponential Moving Average (EMA), historically a robust support zone during market corrections. While immediate rebounds appear unlikely due to broader macroeconomic headwinds, technical analysis suggests this level could serve as a springboard for future price action.

Historical data from 2024 shows a remarkably similar pattern, where Bitcoin:

  • Found resistance at local highs
  • Retraced to the 200 EMA
  • Consolidated at this level
  • Used it as a foundation for new highs

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Market Expert Perspectives

According to Sarah Chen, Chief Market Analyst at CryptoView: “The current sell-off, while significant, shows similarities to previous correction patterns. The 200 EMA has historically provided strong support, and we’re seeing institutional buyers accumulate at these levels.”

Looking Ahead: Market Implications

While the immediate outlook remains cautious, several factors suggest this correction could present a strategic entry point for long-term investors:

  • Historical precedent of 200 EMA support
  • Oversold conditions on multiple timeframes
  • Institutional accumulation at current levels

Traders should remain vigilant and consider implementing strict risk management strategies given the current market volatility.