Bitcoin (BTC) has experienced a sharp decline, falling to $87,000, its lowest level since November 2024. This has raised concerns about whether the drop is temporary or indicates a more significant correction. Crypto analyst RLinda has identified key support levels that could determine Bitcoin's next major move, highlighting the $89,400 to $90,000 range as crucial. If BTC can hold this zone, a rebound toward $94,000 is possible, but if it fails, further losses may occur. The market is awaiting confirmation of Bitcoin's direction, with stabilization above critical support levels seen as crucial for regaining momentum. Despite uncertainty, some experts believe the $83,000 to $87,000 range could represent the bottom before Bitcoin enters a new bullish phase. Selling pressure has intensified, coinciding with outflows from U.S.-based Bitcoin spot ETFs. Market sentiment remains bearish, with the Crypto Fear & Greed Index signaling increased investor anxiety and potential volatility.



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