🔥 BITCOIN AT A CRITICAL MOMENT! 🔥
$BTC just tested $85,839 after a sharp pullback from the $92K highs! The price has dropped 5.44% in the last 24 hours, and we're now sitting at a crucial support level that could determine the next major move.
The Setup:
We've seen a dramatic decline from the 24-hour high of $92,000, with the price now hovering around $85,839. The order book is showing intense pressure with 72.29% on the sell side versus only 27.71% on the buy side. Volume has been significant at 20,767 BTC traded in the last 24 hours, indicating that both bulls and bears are actively engaged in this battle.
What's Next?
The $85K-86K zone is acting as a critical support level right now. If this holds, we could see a strong bounce back toward the $90K range. However, if sellers continue to dominate and this support breaks, we might be heading down to test that $80,600 level we saw earlier in the chart. The next few hours could be absolutely crucial for Bitcoin's short-term direction!
Question for the community:
Are you buying this dip or waiting for lower levels? What's your target price? Drop your thoughts below and let's discuss where BTC is headed next!
Remember: DYOR and trade responsibly! This is NOT financial advice.
#bitcoin #BTC #Crypto #Binance
