📉 Bitcoin Tumbles Below $90K: Is $85,000 the New Floor?
Bitcoin took a hit, falling as much as 2.7% to below $90,000 in Asian trading despite a positive move from the US Fed's 25bps rate cut. Altcoins like Ether, XRP, and Solana mirrored the retreat.
While Strategy Inc.'s massive $963 million Bitcoin purchase offered a short-term boost, persistent structural selling pressure is keeping BTC pinned under the $94,000 mark.
Next Key Support, Analysts are eyeing $88,500 as the immediate line in the sand.
Critical Level, The psychological and technical floor of $85,000 is now the critical level to watch. A break below this could signal a deeper correction.
Will the bulls step in at $88.5K, or is the market poised for a re-test of that critical $85K support?
BTC
90,275.11
-2.39%