#Bitcoin has faced another rejection after the recent bullish movement. The price rose sharply but failed to maintain above the higher levels, which has initiated a short-term correction phase. This pullback looks healthy and comes after a strong rally, not a trend break.
At this moment, Bitcoin is moving downwards but still remains above an important support zone. The area around 86,400 continues to be strong support where buyers may re-enter.
As long as this level holds, the overall structure remains bullish and the price may attempt another upward move after consolidation.
Key levels to watch
Immediate support: 88,000
Major support: 86,400
Resistance zone: 89,800 – 90,600
If the price stays above 86,400, long positions can be considered upon confirmation.
A clean bounce from support could open the way back towards the 90,000 zone again.
A break below 86,400 would signal a deeper correction and caution is advised.
This is a normal pullback after a bullish run. Patience and risk management are important at this stage.
