Bitcoin Defends $47,960 CVDD Floor as Downtrend Pressure Persists

Bitcoin is holding what analysts describe as its "ultimate" CVDD support around $47,960, a level associated with long-term accumulation as older coins change hands to new buyers. With BTC last quoted at $66,863, attention is centered on whether the market can reclaim $69,000; failure to do so keeps a downside target near $45,000 in focus. The Cumulative Value Days Destroyed (CVDD) metric points to $47,960 as a structural market floor. Ali Martinez, citing daily chart data spanning 2017 to 2025, says CVDD has repeatedly marked durable cycle bottoms, and prices historically do not spend much time near this band before a major move. From a trend perspective, Bitcoin has been printing lower highs and lower lows since its October 2025 peak at $126,080, indicating sellers remain in control. Crypto Patel identifies two overhead resistance areas that have repeatedly capped rallies: "Bearish Order Block 1" at $76,000–$79,000 and "Bearish Order Block 2" at $88,000–$92,000. Analysts also point to a recent breakdown toward $66,000 followed by a retest of $69,000 as resistance as key elements confirming a bearish structure. Technical readings suggest that unless Bitcoin regains $69,000, the next major support zone could sit near $45,000, which would represent a 64% retracement from the all-time high. Disclaimer: This content is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should conduct their own research before making financial decisions.