- Bitcoin holds ultimate CVDD support at $47,960, a long-term accumulation zone
- Breakdown to $66,000 and retest at $69,000 confirms bearish structure
- Downside target is $45,000 if BTC fails to reclaim $69,000
Bitcoin has found crucial support at $47,960, signaling potential stability amid ongoing bearish pressure. With CVDD levels pointing to a structural market floor, analysts watch the $69,000 resistance closely. History shows breakdowns and retests near these levels often precede major price moves, making the next weeks critical for BTC.
Bitcoin Finds Ultimate Support at $47,960 as CVDD Signals
Bitcoin is showing key stability at $47,960, according to the Cumulative Value Days Destroyed (CVDD) metric. This level acts as ultimate support where long-term holders transfer coins to new buyers. With BTC currently trading at $66,863, history suggests the price rarely lingers near this support before a major reversal.
Ali Martinez’s daily chart data from 2017 to 2025 shows CVDD consistently forms a structural floor, establishing a durable market bottom. Martinez notes that the recent breakdown to $66,000 and retest at $69,000 now set the stage for a potential move toward $45,000 if bearish conditions persist.
Lower Highs Indicate Bears Are in Control
Bitcoin has been forming a sequence of lower highs and lower lows since its October 2025 peak of $126,080. Each rally attempt has met selling pressure, confirming that bears currently dominate the market.
Crypto Patel highlights two key resistance zones: Bearish Order Block 1 at $76,000–$79,000 and Bearish Order Block 2 at $88,000–$92,000. These zones have repeatedly rejected price, reinforcing the downtrend.
Two prerequisites for further bearish continuation have now been met: the $66,000 breakdown and the retest of $69,000 as resistance. Technical analysis suggests that unless Bitcoin reclaims $69,000, the next major support could be $45,000, representing a 64% retracement from its all-time high.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.