The price of Bitcoin has experienced a decline, falling below the $88,500 level and struggling to regain bullish momentum. The decline was significant, with BTC trading below the $92,000 and $90,000 support levels and diving over 10%. The price tested the $82,000 support zone, formed a base, and has started to recover some losses. However, Bitcoin is now trading below $90,000 and the 100 hourly Simple Moving Average. Immediate resistance is near the $88,750 level, with the first key resistance at $90,000. If Bitcoin fails to rise above this resistance zone, it could initiate a fresh decline, with support levels at $85,000 and $83,200.



Other News from Today