$BTC is currently trading in a cautious consolidation range between $85,000 and $87,000, reflecting a significant 32% correction from its October all-time high of over $126,000.

The market is facing technical headwinds following a "death cross" on the daily charts, while broader "risk-off" sentiment—driven by a pause in Federal Reserve rate cuts and a strengthening U.S. Dollar—has shifted institutional focus away from pure-play crypto assets.

While some analysts suggest a potential year-end recovery toward $94,000 if psychological support holds, the immediate outlook remains defensive as the market sheds the over-leverage and euphoria of earlier months.