Bitcoin & Altcoins Plunge To New Lows, Wiping Out Most 2025 Gains
-
Cryptocurrency markets are showing signs of caution amid ongoing volatility, with Bitcoin struggling to sustain recent recoveries and investors pulling funds from crypto investment products. While some analysts see hope for a market bottom, widespread sell-offs and declining inflows paint a cautious picture for traders and long-term stakeholders alike.
- Bitcoin experiences three consecutive weeks of outflows from crypto ETPs, indicating negative market sentiment. Many altcoins are failing to rebound, reflecting persistent demand concerns among investors. Major stock indices like the S&P 500 are showing signs of indecision, impacting crypto correlation. Market participants should closely monitor key support and resistance levels for Bitcoin and other top cryptocurrencies.
Bitcoin (BTC ) attempted a recovery at the start of the week but faced resistance at higher levels, as evidenced by the long wick on its daily candlestick. This suggests that selling interest remains strong at elevated prices. Despite the recent downward pressure, some industry experts remain optimistic. Bitwise CEO Hunter Horsley commented on X that Bitcoin has been in a six-month bear market, which he believes is nearing its end. He emphasized that current market conditions look more favorable than they have in months, with the setup for crypto“never been stronger.”
Nonetheless, crypto sentiment platform Santiment offers a different perspective, cautioning that“true bottoms often form when the majority expect prices to fall further,” rather than when there is a general consensus that a low has been reached. This indicates that the market may need further capitulation before a sustainable recovery begins.
Crypto market data daily view. Source: TradingView
Investors should keep a close watch on crypto investment products, which have undergone three weeks of continuous outflows totaling approximately $3.2 billion. Last week alone saw $2 billion exit these products, marking the highest weekly withdrawal since February, according to recent reports. Sustained inflows are essential for a meaningful market recovery.
Is Bitcoin's decline poised to deepen, dragging along altcoins, or are we on the cusp of a technical reversal? Let's analyze the charts of the top 10 cryptocurrencies to gauge potential market directions.
S&P 500 Index Price PredictionThe S&P 500 has formed a symmetrical triangle pattern, reflecting hesitation between buyers and sellers. Should the index fall below the support level, a sharper decline toward 6,550 and then 6,400 could be imminent. The pattern suggests a target of 6,276 if a breakdown occurs.
SPX daily chart. Source: TradingView
Conversely, if the S&P 500 breaks above resistance, a rally toward 7,000 and potentially to 7,220 could unfold, indicating a resumption of the uptrend and influencing crypto markets accordingly.
US Dollar Index Price PredictionThe US Dollar Index (DXY) recently retreated from resistance at 100.50 but found support at the 20-day exponential moving average (EMA) around 99.32. A strong rebound from this support could push the index higher to 102, where sellers are expected to defend aggressively.
DXY daily chart. Source: TradingView
A decline below the 50-day simple moving average (around 98.57) would signal a pause in the upswing, potentially causing the dollar to consolidate between 100.50 and 96.21 in the near term.
Bitcoin Price PredictionBitcoin is consolidating near the $93,000 support level, but the absence of a strong bounce raises concerns about continued bearish pressure. Resistance around $100,000 remains a psychological barrier, with a rejection likely to push the price down toward $87,800 or even $83,000.
BTC /USDT daily chart. Source: TradingView
A quick move above the 20-day EMA ($102,022) is critical for bulls to weaken bearish momentum. If successful, Bitcoin could target the 50-day SMA near $109,927, paving the way for a potential reversal.
Ethereum Price PredictionEthereum (ETH ) remains below the breakdown level of $3,350, yet the bulls have not allowed the price to fall below $3,000. A rally to the 20-day EMA ($3,444) is possible but faces selling pressure, and a sharp drop below $3,000 could see ETH decline to $2,500.
ETH/USDT daily chart. Source: TradingView
If buyers push above the 20-day EMA, Ethereum might rally toward the 50-day SMA ($3,871), signaling a potential end to its corrective phase.
As markets remain volatile, traders should monitor key levels and economic indicators to manage risks in the crypto markets, which continue to be influenced by macroeconomic trends and investor sentiment.
-
Would you like me to add further SEO keywords or adjust the tone accordingly?
Crypto Investing Risk WarningCrypto assets are highly volatile. Your capital is at risk. Don't invest unless you're prepared to lose all the money you invest.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.

Comments
No comment