Bitcoin (BTC) bulls faced resistance near $85,000, with larger investors seen accumulating at lower levels, according to research from Santiment. Short-term sentiment remains bearish as cryptocurrency exchange-traded products (ETPs) recorded $876 million in outflows last week. BitMEX co-founder Arthur Hayes warned of potential retests at $78,000 and below $75,000, suggesting violent price action if support levels are breached. In the altcoin market, Ether (ETH) fell below $2,111, while XRP, BNB, SOL, DOGE, ADA, and PI faced downward pressure. The S&P 500 Index experienced a double-top pattern, signaling a potential decline to 5,400, while the US Dollar Index faced resistance at 106.03. Can Bitcoin initiate a recovery to lift altcoins? The outlook remains uncertain as investors monitor key support and resistance levels across various cryptocurrencies. Time will tell if the bulls can regain control in the volatile market conditions. This article provides insights into the current market trends; however, readers are advised to conduct their own research before making any investment decisions.