Bitcoin's price has dropped below $86,000 for the first time since November, following news of the Bybit hack and regulatory actions by the SEC. Bitfinex analysts had previously noted that Bitcoin's trading range had been between $91,000 and $102,000, with its next move likely to be determined by macroeconomic trends. Compass Point analysts now state that Bitcoin's drop below the $92,000 support level has led to accelerated selling, with $86,000 being the next critical level of support. Bitcoin's price is currently around $86,950, down 5% in the past 24 hours, 9% in the past week, and 17% in the past month. Trading volumes remain low.



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