Bitcoin has slipped below 90,000, and if it doesn’t recover quickly, the situation could become increasingly risky.
Technically speaking, this breakdown is not a bullish signal. The 88,500 level is loaded with trapped positions — a heavy cluster of buyers stuck at that range. In theory, this makes it a strong support zone, and for now, this “second line of defense” is holding up reasonably well.
But here’s the real concern: what if 88,500 fails to hold? That’s where things get serious. A break below this level could trigger a wave of panic, setting off a domino effect that pushes price straight toward the 75,000 region. At that point, it stops being a simple correction.
All eyes are on whether this support can withstand the pressure. The market’s biggest fear is a cascade of breakdowns — when one level fails, and everything starts falling in sequence. $BTC
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Bitcoin has slipped below 90,000, and if it doesn’t recover quickly, the situation could become increasingly risky.
Technically speaking, this breakdown is not a bullish signal. The 88,500 level is loaded with trapped positions — a heavy cluster of buyers stuck at that range. In theory, this makes it a strong support zone, and for now, this “second line of defense” is holding up reasonably well.
But here’s the real concern: what if 88,500 fails to hold?
That’s where things get serious. A break below this level could trigger a wave of panic, setting off a domino effect that pushes price straight toward the 75,000 region. At that point, it stops being a simple correction.
All eyes are on whether this support can withstand the pressure. The market’s biggest fear is a cascade of breakdowns — when one level fails, and everything starts falling in sequence.
$BTC