{"id":17410,"date":"2025-02-28T06:08:19","date_gmt":"2025-02-28T06:08:19","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=17410"},"modified":"2025-02-28T06:08:19","modified_gmt":"2025-02-28T06:08:19","slug":"bitcoin-on-the-slide-dips-under-85k","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/bitcoin-on-the-slide-dips-under-85k\/","title":{"rendered":"Bitcoin on the Slide, Dips Under $85K"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/download-6-1024x559.png\" alt=\"\" class=\"wp-image-16699\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin fell to $83.04<\/strong>, continuing its downward trend, with a <strong>low of $81.88<\/strong> recorded on the latest session.<\/li>\n\n\n\n<li><strong>Investor sentiment remains weak<\/strong>, with ETF outflows and macroeconomic concerns weighing on crypto markets.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Bitcoin Declines Below $85K, Testing Multi-Week Lows<\/h2>\n\n\n\n<p><strong>Invesco Galaxy Bitcoin ETF (BTCO)<\/strong> extended its losses on Wednesday, trading at <strong>$83.04<\/strong> after hitting an intraday low of <strong>$81.88<\/strong>, marking a continued decline from recent highs. The cryptocurrency remains under pressure amid broader macroeconomic concerns, weak sentiment, and ongoing regulatory uncertainties.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/image-8-1024x435.jpg\" alt=\"\" class=\"wp-image-17412\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: BTCO struggles near $83.04 after extended bearish momentum, as seen on the <\/em><em><a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WAhttps:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The <strong>bearish momentum<\/strong> follows several sessions of steady declines, with BTC failing to hold the <strong>$86K<\/strong> resistance level. The <strong>MACD indicator remains below the signal line<\/strong>, reinforcing the downward bias. Bitcoin has now fallen <strong>over 15%<\/strong> from its recent high of <strong>$99.26<\/strong>, recorded on February 21, reflecting fading momentum.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">ETF Outflows and Weak Institutional Demand<\/h2>\n\n\n\n<p>The latest pullback aligns with a trend of <strong>outflows from Bitcoin-backed exchange-traded funds (ETFs)<\/strong>, which have seen decreased institutional participation.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Investors yanked more than $1 billion from spot Bitcoin exchange-traded funds Tuesday, marking the biggest one-day outflow since the cohort\u2019s debut last January <a href=\"https:\/\/t.co\/icqpn2b7af\">https:\/\/t.co\/icqpn2b7af<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1894821986880082061?ref_src=twsrc%5Etfw\">February 26, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>This shift in sentiment comes despite an initial wave of optimism following the SEC\u2019s approval of spot Bitcoin ETFs in January.<\/p>\n\n\n\n<p>According to market data, <strong><a href=\"https:\/\/crypto.news\/bitcoin-etf-outflows-soar-over-700-led-by-fidelitys-fbtc\/\">ETF redemptions<\/a><\/strong> have contributed to the recent selling pressure, with major funds witnessing <strong>net outflows for the fourth consecutive week<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Regulatory Uncertainty and Trump\u2019s Tariff Plans Weigh on Sentiment<\/h2>\n\n\n\n<p>Major financial trends continue to influence risk assets, including cryptocurrencies. Investors remain cautious as <strong><a href=\"https:\/\/x.com\/Reuters\/status\/1895300390167408958\">U.S. President Donald Trump reaffirms his tariff plans<\/a><\/strong>, raising concerns over global economic stability. The latest <strong>25% tariff proposal on Canadian and Mexican imports<\/strong> has fueled uncertainty across financial markets, leading to a broader risk-off sentiment.<\/p>\n\n\n\n<p>Adding onto this, the <strong>recent <\/strong><strong><a href=\"https:\/\/t.co\/qJbiHwfSYb\">$1.5 billion hack<\/a><\/strong><strong> affecting Ether (ETH)<\/strong> has dented confidence in the crypto ecosystem. The breach at Dubai-based <strong>Bybit exchange<\/strong>, which saw hackers drain significant holdings, has amplified security concerns in the industry.<\/p>\n\n\n\n<p>Traders monitoring Bitcoin should be mindful of key technical indicators and broader global market influences that could shape its trajectory. The <strong>resistance level around $90.66<\/strong> suggests that upward movement may face selling pressure, while the <strong>MACD indicator at -1.05<\/strong> signals a bearish trend\u2014though a crossover above the signal line could indicate a shift in momentum.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin struggles below $85K as crypto markets react to macroeconomic uncertainties, ETF outflows, and weak sentiment. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":16699,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[21],"class_list":["post-17410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-bitcoin"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/17410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=17410"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/17410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16699"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=17410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=17410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=17410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}