Will BTC retest $80k amid renewed bearish sentiment?

Key takeaways

BTC dropped beneath $86k on Monday primarily as a result of macro pressures.
The main cryptocurrency may retest the $80k low if the bearish pattern persists.

BTC dips beneath $86k

Bitcoin, the main cryptocurrency by market cap, is off to a bearish begin in December, because it has misplaced over 5% of its worth within the final 24 hours. At press time, Bitcoin is buying and selling above $86k after briefly dropping to the $85k area earlier right this moment. 

The bearish efficiency has affected altcoins too, with Ether buying and selling beneath $2,800, whereas XRP is hanging on above $2.0

The latest selloff comes after the Financial institution of Japan (BoJ) Governor Kazuo Ueda revealed that potential rate of interest hikes may very well be thought of if the financial system continues to evolve as predicted. The rate of interest hike may improve borrowing prices and negatively have an effect on carry trades.

Along with that, the hacking of the Yearn Finance protocol a couple of hours in the past contributed to the renewed stress on Bitcoin and the broader cryptocurrency market. Due to the most recent selloff, over $140 billion was worn out from the crypto market within the final 24 hours, with $500 million price of leveraged positions additionally liquidated. 

JUST IN: $140,000,000,000 worn out from the crypto market cap up to now 4 hours. pic.twitter.com/c32OHlyafS

— Watcher.Guru (@WatcherGuru) December 1, 2025

Bitcoin comes below stress as soon as once more

The BTC/USD every day chart stays bearish and environment friendly as Bitcoin misplaced 5% of its worth in the previous couple of hours. The main cryptocurrency is buying and selling above $86k, because the every day, weekly, and month-to-month candles all verify a bearish bias. 

The RSI on the every day chart reads 32, pivoting draw back in the direction of the oversold after the temporary restoration recorded final week. If the every day RSI stays beneath 30, Bitcoin may face additional downward motion within the close to time period. 

Moreover, the  Transferring Common Convergence Divergence (MACD) has shifted to a bearish momentum, with the promote sign proven a couple of hours in the past. 

If the selloff continues, the bears will look to focus on the $80,600 assist within the close to time period. Failure to defend this degree may see Bitcoin revisit the April 7 low of $74,508.  

Nevertheless, if the bulls get well, Bitcoin may rebound to $90,000 over the following few hours or days.