$BTC price is currently parked at $89,417 with a market cap standing at $1.78 trillion. Over the last 24 hours, it’s swung between $88,929.64 and $90,469, with a trading volume clocking in at $35.66 billion—so yes, it’s still the life of the liquidity party, even if the dance floor’s gotten a little tense. Just like yesterday’s technical analysis, BTC is in consolidation mode, but bears are clawing relentlessly and look like they may take the upper hand if things don’t change.
Bitcoin Chart Outlook
Price action is holding a precarious pose just under the $90,000 mark after what can only be described as a dramatic breakdown from consolidation. Bitcoin‘s hourly chart tells the story of a sharp drop from around $90,600 to $88,500, punctuated by volume spikes hinting at panic or, more likely, liquidation-driven capitulation.
Short-term support is being tested around $88,500–$89,000, with some cautious buying peeking through—but don’t break out the confetti just yet. The move lacked conviction beyond a short-lived bounce.
BTC
87,012.41
-0.13%