Bitcoin slipped nearly 5% on Sunday after failing to break key resistance. The asset spent most of the weekend around $91,500 before suddenly dropping to $86,950. The move triggered heavy liquidations — over 180,000 traders were wiped out in 24 hours, with total liquidations hitting $539M, mostly long positions in BTC and ETH, according to CoinGlass. With the CME gap already filled and $400M in longs flushed, the usual Sunday rebound never arrived. Macro data added pressure as well. Rising US continuing jobless claims, now at 1.96 million, signaled a softer labor market and heightened expectations of a more expansionary Fed stance — adding to the market’s weakness.
At the time of writing, BTC was trading at $86,285.
BTC, after making a new all-time high of $126,199, witnessed a sharp fall as the price plunged almost 20% to $102,000. Following this move, the asset traded in a range between $116,000 and $107,000, forming a ‘Symmetrical Triangle’ pattern. BTC broke down below the range and plunged another 25%, making a low of $80,600. The bulls defended the $80k support, and the price saw a relief rally of nearly 14% up to $91,950. BTC has strong resistance at $93,500 and $100,000, while $85,000 and $80,000 will act as strong support levels.
Key Levels:
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2. |
| $80,000 | $85,000 | BTC | $93,500 | $100,000 |
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