BTC Drops Below $86K: Sell-Off Accelerates After Failed $90K Break
Bitcoin has extended its sharp reversal from earlier today, falling below the $86,000 support level as a wave of selling pressure continues to dominate the market.
What’s Happening:
· BTC/USDT is now trading near $85,800**, marking a **5% decline** from today’s intraday high above **$90,300.
· The move follows an earlier failed breakout attempt that was quickly rejected, signaling continued bearish momentum in the short term.
Market Context:
Today’s price action reflects growing exhaustion and thinning liquidity,leaving BTC vulnerable to rapid downside movements. The rejection at $90,000** earlier today triggered significant long liquidations, and the decline below **$86,000 suggests selling pressure is intensifying.
Key Level to Watch:
· $85,000–$86,000 is now a critical short-term zone. A sustained break below could open the path toward $80,000–$82,000.
· Traders are closely monitoring whether BTC can reclaim $87,000–$88,000 to stabilize the current downtrend.
Why It Matters:
Rapid declines amid low liquidity can trigger cascading liquidations and sentiment shifts.With macroeconomic uncertainty and regulatory developments pending, Bitcoin’s ability to hold above $85,000 will be crucial for maintaining bullish structure in the near term.
📌 Trading Takeaway:
Markets remain highly reactive.Manage risk, avoid over-leverage, and watch for stabilization before assuming a reversal.
🟢
#Bitcoin#BTC #Crypto #Trading #MarketUpdate #BitcoinDrop #Volatility #SupportLevel #Liquidation #CryptoAlert #Bearish #BinanceSquare
