Bitcoin $BTC is facing fresh selling pressure, dropping to $89,500. The previous support at $92k has failed to hold, and the market is now testing the strength of the $88,000–$89,000 zone.
Deep Research & Insights:
Global Sell-off: BTC is dropping alongside global markets due to heightened economic uncertainty and "Risk-Off" sentiment among traders.
Long Liquidations: Over $350M in long positions were liquidated in just a few hours as the price slipped below $90k, accelerating the downward move.
The $87k Floor: Analysts are now watching the 2026 Yearly Open ($87,000). This is a massive historical psychological level that must hold to avoid a deeper crash to $82k.
Technical Outlook:
Support: Immediate support is at $88,200. If this breaks, prepare for a move toward $85,000.
Resistance: To regain bullish momentum, BTC must reclaim and close above $91,000 on the 4-hour chart.
RSI Indicator: The RSI is now near 33, indicating that Bitcoin is approaching the "Oversold" zone. A relief bounce could be close!
My Opinion: This is a high-volatility "flush." While it looks scary, these dips often provide the best entry for long-term holders once stability returns. Don't trade with high leverage right now!
Are you buying the $89k dip or waiting for $85k? Share your plan! 👇