$BTC
📉 Bitcoin Dips: Bearish Momentum Continues
Bitcoin's price remains under significant bearish pressure, struggling to hold above the $87,000 level and reinforcing the current downtrend. Selling is being fueled by profit-taking from long-term holders and a broader risk-off sentiment in global markets, mirroring weakness in tech stocks.
Technically, the price is trading below key moving averages, with a recent "death cross" pattern confirming the structural weakness. The failure to reclaim the psychological $90,000 resistance could signal a retest of the month's lows near $80,000, with market sentiment still rooted in "extreme fear."
BTCUSDT
Perp
90,258.9
-2.20%
ETHUSDT
Perp
3,194.25
-3.68%