Bitcoin Price Analysis: BTC Price Losing $35000 Support; Hold Or Sell?

The (Bitcoin)BTC price has been falling for the four straight days, piercing the 35000 psychological support level. If sellers sustain this fallout, the potential freefall will pull the coin price to the $33000 support level, suggesting a 4.65% fall.
Key points:
- The BTC price shows four consecutive red candles, registering a 12.75%
- BTC sellers need daily candlestick closing below $35000
- The intraday trading volume in the Bitcoin is $34.4 Billion, indicating a 16% gain
Source- Tradingview
Since the $45000 fallout, the Bitcoin(BTC) price has witnessed aggressive selling from the coin traders, registering a 28% loss. Additionally, the bear cycle has breached the $40000, $37000, and recently $35000 support level.
The $40000 breakdown intensified the prevailing market sentiment and plunged the coin by 12.7%. The post retest fall accounted for four consecutive red candles and pulled the coin to its current price at $34641.
If the BTC price provides a candle-closing below the $35000 mark, the ongoing correction would continue and sink the coin price to a January low of $33000.
On a contrary note, if the buyers revert the price above the $35000 mark, the replenished bullish momentum would rechallenge the $40000.
Anyhow, the BTC price is currently following a range-bound rally, stretching from $33000 to $45000. however, a retest to the previous swing low threatens a fallout possibility.
Technical indicator-
The increasing gap between the MACD and signal line reflects strong selling in the market.
The ongoing sell-off in the BTC price faces constant resistance from 20-and-50-day EMA. Furthermore, the coin moving below the 100-and-200-day EMA projects an overall bear market.
The RSI slope showing a comparatively shorter fall indicates a losing bearish momentum. However, the indicator is gradually nearing the oversold region, hinting at a reversal possibility in the near future
- Resistance level- $35000, and $40000
- Support level- $33000 and $30000
- Crypto Crime Hits $2.47 Billion in H1 2025, With Wallet Hacks on the Rise
- ASTER Token Rockets Over 10% in an Hour as Binance Announces Spot Listing
- Whale Dumps Massive $55 Million in XRP to Ripple as Coin Falls Below $3?
- Aster Token Crashes 10% On DEX Integrity Issues Ahead of Airdrop, What’s Happening?
- Spot Bitcoin ETFs Record 2nd Best Weekly Inflows Ever, Bloomberg Analysts Bullish
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?