The price of Bitcoin (BTC) briefly fell to $86,008.23 but has since recovered to $88,763.49, experiencing a 0.15% decline in the last 24 hours. The market cap is at $1.76 trillion, and the 24-hour trading volume is $81.23 billion, resulting in a market cap ratio of 4.75%. BTC is facing resistance at $90,000 and stronger resistance at $92,500, while support levels are at $86,000 and a critical level at $84,500. The Relative Strength Index (RSI) suggests oversold conditions, and the Chaikin Money Flow (CMF) indicates weak capital inflows. The recent Bybit hack and global market uncertainty due to new tariffs have impacted investor confidence and led to capital outflows. Bitcoin ETFs have seen significant outflows, and the broader crypto market, including Ethereum (ETH) and altcoins like Solana (SOL), Cardano (ADA), and Dogecoin (DOGE), have experienced losses. However, there is still institutional interest in Bitcoin, with public companies acquiring more BTC and GameStop considering it as a reserve asset. The oversold RSI suggests a potential short-term bounce if buying pressure increases, but caution is advised due to weak CMF and moving averages. A move above $90,000 could trigger a relief rally, while a failure to hold $86,000 may lead to further downside.



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