Bitcoin has fallen below the $80,000 mark for the first time since April 2025, extending its recent pullback amid broader weakness across global risk assets. Despite the decline, Bitcoin has continued to outperform gold, drawing attention from investors who view the dip as a potential accumulation opportunity rather than a structural breakdown.
While BTC moved lower alongside equities and commodities, its losses were significantly smaller compared to precious metals, highlighting relative strength during the recent bout of market stress.
Bitcoin Under $80K, Yet Shows Relative Strength vs Gold
Gold experienced a sharp sell-off toward the end of the week, dropping nearly 10% between Thursday and Friday. Over the same period, Bitcoin declined approximately 5.6%, underscoring a notable divergence in performance.
Traditionally viewed as a hedge against inflation and uncertainty, gold underperformed during this episode, while Bitcoin showed stronger downside protection. The smaller drawdown suggests persistent demand for BTC, even as risk appetite across markets weakened.
This contrast has fueled discussion about shifting investor preferences, with some capital appearing to favor digital assets over traditional safe havens during periods of volatility.
On-Chain Data Signals Growing Interest From New Participants
On-chain metrics further support this narrative. Over the past 24 hours, the Bitcoin network recorded a sharp increase in new address creation, with approximately 335,772 new addresses added, marking a two-month high. This represents the largest daily increase since November 2025.
The surge occurred as Bitcoin dipped toward the $81,000–$80,000 range, suggesting that new market participants may be viewing the pullback as an attractive entry point. Historically, rising new address activity has been associated with expanding adoption and renewed interest, which can help support prices during corrective phases.
Technical Outlook: Key Levels to Watch
At the time of writing, Bitcoin is trading near $78,000. From a technical perspective, BTC recently broke down from a broadening ascending wedge, a pattern that often signals increased volatility and downside risk. The formation projected a potential 12.6% decline, targeting the $75,800–$76,000 zone.
The bearish move gained momentum after Bitcoin lost the $82,503 support level, confirming short-term weakness. However, reclaiming this level could improve sentiment and signal stabilization, especially if on-chain growth continues.
For a stronger recovery, Bitcoin would need to regain $87,210 as support, which would indicate renewed buyer confidence and a shift back toward bullish momentum. On the downside, failure to hold current levels could push BTC toward $78,700, with a deeper move toward $75,900 if selling pressure intensifies.
Market Remains at a Crossroads
For now, Bitcoin’s ability to attract new participants despite trading below $80,000 highlights its evolving role in the global market. Whether this resilience leads to stabilization or proves temporary will likely depend on broader macro conditions and sustained demand in the coming weeks.
📌 Disclaimer:
This article is for informational purposes only and reflects personal market observations. It does not constitute financial or investment advice. Readers should conduct their own research and take full responsibility for any investment decisions.
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