Skip to main content

🚨 Bitcoin Drops 8.88% – Is More Pain Ahead?

Bitcoin is down 8.88%, trading at $86,390, with Extreme Fear (Index: 25) dominating the market. BTC is testing critical support at $86,097—if this level breaks, it could drop to $84K or even $80K.

📉 Market Overview:

  • Price: $86,390
  • 24H Change: -8.88%
  • Fear & Greed Index: 25 (Extreme Fear)
  • 24H Volume: $104.87B

📊 Key Levels to Watch:
🔴 Support: $86,097 → $84K → $80K
🟢 Resistance: $87,756 → $90K → $92K

Right now, bears are in control, and unless BTC reclaims $87,756, the downtrend could continue. 

Comments

Popular post

Why Is Bitcoin Going Up? BTC Hits $97K After Buy Signal

Bitcoin (BTC) is going up, reaching $97,000 on January 14, 2025. It dropped below $90,000 on Monday, which worried some people. The price is rising because of a strong buy signal at $92,000. Experts think Bitcoin could reach $103,000 or even its highest price of $108,000 soon. Could Bitcoin reach $1 million? Some say it’s possible, but others think it will stay lower in 2025. 

Bitcoin Price Analysis: Key Support and Resistance Levels to Watch

 Bitcoin (BTC) is currently trading around $90,800 after facing a strong rejection near the $94,800 resistance zone. The recent pullback suggests increasing sell pressure as the market cools down from overbought conditions. BTC Chart (Source TradingView) From a technical perspective, momentum indicators are showing weakness. The MACD has turned negative , signaling a possible short-term bearish trend, while the RSI is moving lower , indicating that bears are gaining control. These signals suggest caution for traders in the near term. However, Bitcoin is approaching a critical support level at $90,288 , which remains a strong demand zone. If this support holds, BTC could see a rebound and make another attempt to break above the $94,800 resistance . A successful breakout above this level may open the door for further upside momentum. On the downside, if Bitcoin fails to hold the $90,288 support , selling pressure could intensify, pushing the price toward the $88,000 support zone ...