Bitcoin (BTC) at Critical Support
Bitcoin has seen significant selling pressure, dipping to lows around the $86,000 mark before a slight recovery.
Technical Outlook: The price is hovering above a crucial support zone, with analysts pointing to $86,180 and $84,000 as key levels to defend to prevent further downside.
Next Resistance: Major resistance levels are seen near $92,000 and the psychological mark of $100,000.
Sentiment: The recent drop was attributed to a wave of long liquidations and significant selling from larger holders (whales), which outweighed buying from retail and mid-sized wallets.
BTCUSDT
Perp
86,415.2
+0.26%
FETUSDT
Perp
0.215
-1.64%
JASMYUSDT
Perp
0.005949
-1.53%