Bitcoin struggles to regain momentum after being impacted by risk aversion, dropping to its lowest level in five months

Bitcoin rebounded on Monday from a fresh five-month low, following broader risk-off sentiment driven by concerns over the impact of new tariffs, which also pressured the crypto market.

The rebound pushed the price above the key psychological resistance at $80,000, but a firm and sustained break above this level is needed to negate the bearish signal from last week’s close below it.

Without confirmation of a breakout, the near-term outlook remains tilted to the downside, as daily technical indicators remain bearish and underlying fundamentals—such as economic slowdown and rising inflation tied to escalating trade tensions—continue to weigh on sentiment.

Sellers are now focused on pivotal support at $73,618 (38.2% Fibonacci retracement of the $15,437–$109,582 rally). A break below this level would further deteriorate the short-term structure and open the path toward the psychological $70,000 support zone.

On the flip side, a daily close above $80,000 would help ease immediate downside pressure, though additional upside momentum would still be needed to confirm a bullish reversal.

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