Bitcoin is currently trading around $86,668 and has a valuation of $1.71 trillion with a daily transactional activity of $69.5 billion. Technical patterns suggest caution and indicate a somber outlook for the near-term prospects of Bitcoin. The daily timeframe shows persistent liquidation pressures, while the four-hour window and hourly lens highlight bearish formations and descending trends. Short-term indicators and momentum metrics also point towards further downside. However, long-term support levels at $83,000 and $85,000 could provide a foundation for a potential rebound if buyers step in. A breakout above $91,000 may signal renewed upside potential. Overall, Bitcoin's current trend is bearish, with strong resistance at $90,000.



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