Bitcoin tests $85,000 and these levels will become highly important

The largest digital currency briefly dropped below $85,000 on Tuesday, mainly due to selling pressure from Whales. Historically, the fall and winter of 2025 seems to replicate that of 2022, which would mean Bitcoin is on track to test the $70,000 level next.

Distribution

Following the Federal Reserve’s FOMC decision earlier this month, the Whales (investors with more than 10,000 Bitcoins) were the quickest to sell after the price jumped to $94,000. As Bitcoin subsequently refused to trade above the $90,000 level for several days in a row, sell orders were placed around $89,000 and $87,000. As selling pressure mounted, Bitcoin dropped to the $85,000 level yesterday.

The main price point for the largest cryptocurrency currently remains between $82,000 and $85,000. If Bitcoin can stay above this zone in the coming days and absorbs the selling pressure, this indicates that the Whales have finished their distribution and that larger players are accumulating again. In that case, we expect a recovery towards $88,000-$90,000.

However, a break below the $82,000 level would decisively mean the mood has turned bearish in the short term, exposing Bitcoin to a deeper correction towards the $70,000-$75,000 region, where the next major liquidity zone is located.

The next few weeks will be decisive.