2026-05-15 18:40:11
Bitcoin Faces First Bearish Signal of 2025, Analyst Says $76K Support Key to $90K Rally
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BitcoinWorld Bitcoin Faces First Bearish Signal of 2025, Analyst Says $76K Support Key to $90K Rally Bitcoin is showing its first bearish signal in recent weeks, according to crypto analyst Michaël van de Poppe, who warned on X that upward momentum is weakening. The analyst pointed to a simultaneous correction in the Nasdaq and a rise in the U.S. 10-year Treasury yield above 4.50% as key headwinds for the leading cryptocurrency. What the Analyst Sees Van de Poppe noted that Bitcoin’s price action is losing steam at a time when macroeconomic pressures are mounting. The Nasdaq’s pullback suggests a broader risk-off shift among investors, while climbing Treasury yields typically draw capital away from speculative assets like crypto. The analyst described this convergence as the first clear bearish signal for Bitcoin in the current cycle. The Critical $76,000 Support Level Despite the cautious outlook, van de Poppe emphasized that Bitcoin’s path is not yet decided. If the $76,000 support level holds, he said, the door remains open for a further rally to around $90,000 — the location of the 50-week moving average. This technical indicator often acts as a key resistance or target in trending markets. What Happens If Support Breaks The analyst warned that a breakdown below $76,000 could accelerate selling pressure. In that scenario, short-term downward momentum would likely intensify, potentially leading to a deeper correction. The level is now being watched closely by traders as a make-or-break zone for Bitcoin’s near-term direction. Why This Matters for Crypto Investors Bitcoin’s correlation with traditional markets, particularly tech stocks and bond yields, has been a recurring theme in 2025. A sustained rise in the 10-year Treasury yield above 4.50% could signal tighter financial conditions, reducing liquidity for risk assets. For crypto holders, the $76,000 level represents more than a technical line — it is a psychological threshold that could determine whether the current correction remains orderly or deepens. Conclusion Bitcoin’s first bearish signal of the year comes amid a convergence of macro headwinds. The $76,000 support level is now the focal point for traders. If it holds, a rally toward $90,000 remains possible. If it breaks, short-term pressure could increase. Investors should monitor both technical levels and broader market conditions in the days ahead. FAQs Q1: What is the significance of the $76,000 support level for Bitcoin? A: It is a key price floor identified by analysts. If Bitcoin stays above $76,000, it could build momentum to rally toward $90,000. A break below could trigger further selling. Q2: Why is the 10-year Treasury yield relevant to Bitcoin? A: Rising Treasury yields often signal tighter financial conditions, which can reduce investor appetite for risk assets like cryptocurrencies. Yields above 4.50% are seen as a headwind for Bitcoin. Q3: Is this the first bearish signal for Bitcoin in 2025? A: According to analyst Michaël van de Poppe, yes. He noted that the combination of weakening upward momentum, a Nasdaq correction, and rising yields marks the first clear bearish signal for Bitcoin in the current period. This post Bitcoin Faces First Bearish Signal of 2025, Analyst Says $76K Support Key to $90K Rally first appeared on BitcoinWorld .