$BTC Bitcoin is currently trading around $87,000, showing signs of consolidation and short-term weakness after recent volatility. The market is moving sideways as traders wait for a clear breakout or breakdown.
📉 Key Support Levels:
• $86,000 – $87,000 (Immediate support)
• $80,000 (Strong support)
• $77,000 (Critical support if selling pressure increases)
📈 Key Resistance Levels:
• $90,000 (Immediate resistance)
• $96,000 (Major resistance)
• $107,000+ (Bullish breakout zone)
🔍 Market Insight:
BTC is currently range-bound. If price holds above $86K, a short-term bounce is possible. However, a breakdown below this level could trigger a deeper correction toward $80K–$77K.
🌍 Fundamentals:
Despite short-term uncertainty, long-term sentiment remains bullish due to: • Strong institutional interest
• Bitcoin ETFs
• Post-halving cycle support
⚠️ Risk Factors:
• Macro-economic pressure
• High interest rates
• Increased market volatility
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