Market Shock: BTC Dips Below $85k! Is the Bottom In? 📉
The crypto market is facing a "risk-off" moment today. After failing to hold the $90,000 level earlier this week, $BTC has tumbled to roughly $84,000—its lowest since mid-December.
What’s driving the sell-off?
1. ETF Outflows: We’ve seen over $1.1B in net outflows from spot ETFs this week alone.
2. Macro Pressures: Rising tensions in the Middle East and uncertainty regarding Federal Reserve interest rate moves are shaking investor confidence.
3. Liquidation Cascade: Over $319M in long positions were liquidated in the last 24 hours, adding downward pressure.
Key Levels to Watch:
👉 Support: $83,300 is the immediate "must-hold" line. If we break this, $80k is the next psychological floor.
👉 Resistance: $87,500 is now the hurdle we need to clear to regain bullish momentum.
While the "Fear & Greed Index" has dipped into
Extreme Panic (around 19), history shows these moments often provide entries for long-term holders. Are you buying the dip or waiting for $80k? Let me know below! 👇
#Bitcoin❗ #CryptoMarketUpdate #tradingview #Write2Earn #DYOR*