Bitcoin is trading below major demand levels a few days after the price compression between the key support zone and resistance zone. The long-term integration has finally come down, with BTC losing its critical $90,000 support and setting a new low at $86,000. This decline has shaken investors' trust and has increased uncertainty across the market.
Top analyst Axel Adler shared encrypted data revealing that the market has seen the most bearish sentiment in the past month. Negative regulatory news and macroeconomic concerns put even more pressure on prices, leading to a sharp increase in sales. As a result, Bitcoin's inability to regain its main support level suggests that there may be an additional downside on the table.
With BTC now trading at fresh lows, traders are closely monitoring whether the $86,000 level will be retained or whether the Bears will continue to lower prices. If BTC is not stable, it may enter a deeper correction area and test for a lower level of support. Meanwhile, if the Bulls intervened to regain lost ground, Bitcoin might see a potential reversal. The next few days will be important in determining whether BTC can regain momentum or whether bearish feelings persist and put prices under pressure.
Bitcoin is below $90,000 when the market hits the new lowest speed
Bitcoin lost key support a few days after uncertainty about the short-term direction. BTC is currently struggling below the $90,000 level, and the bull is unable to establish a strong foundation for a potential reversal. The recent breakdown is expanding market weaknesses as sales pressures continue to dominate price action.
Nevertheless, some analysts remain optimistic, believing that Bitcoin is still in the middle of a long-term bull market. They argue that while the revision is part of every cycle, the BTC foundations remain strong and could reach new highs later this year. But in the short term, emotions remain terribly awful.
Adler's insights on X reveals that the market has seen the most bearish feelings of the past month. Cryptoquant data confirms that negative regulatory news plays a key role in shaping the current market environment, leading to sharp responses from investors. The inability for Bitcoin to regain critical support levels amplifies fear and creates an unpredictable market.
Investors are closely watching signs of stabilization as BTC continues trading at the bearish stage despite being in a larger bull market cycle. If BTC can regain lost support, it could be set in a strong recovery, but otherwise prices could drop.
Bitcoin is struggling with $89,000 after losing important support
Bitcoin is trading at $89,000 after two days of extreme fear and sales pressure. The market fell sharply, with BTC falling by more than 10% within 48 hours. The Bulls lost a key support level of $90,000, allowing the bears to control short-term trends. Investors are becoming increasingly cautious as BTC can't find a strong foundation for recovery.
Despite the bearish feelings, if Bitcoin is able to quickly regain its key level, there is still an opportunity for a quick reversal. A sudden jump above $92K can signal updated strength and cause a rescue rally. However, if prices continue to struggle below this range, there are even more downsides as they drop in support zones.
For now, BTC is in a vulnerable position, with market participants carefully watching signs of potential bounce. Volatility is expected to remain high as traders assess whether Bitcoin can regain momentum or whether additional losses are on the horizon.
Dall-E special images, TradingView chart
