Bitcoin Price Rejection Sparks Bearish Pressure—Support Under Threat?
Bitcoin price attempted to start a fresh increase but failed at $90,000. BTC is now consolidating and might struggle to clear the $88,000 zone.
Bitcoin has experienced one of its sharpest corrections in recent years, slipping below the $65,000 level and reaching its lowest price since October 2024. The decline reflects persistent selling pressure across the crypto market, accompanied by deteriorating macro sentiment, reduced liquidity, and cautious positioning among institutional participants. Recent price action suggests the market is entering a critical phase where confidence, rather than technical levels alone, may determine the next directional move.
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