$BTC is currently trading in a stabilization phase near $87,100, attempting to form a price floor after a sharp 30% correction from its October peak of $126,000.

Despite a brief rally spurred by cooler-than-expected US inflation data (CPI at 2.7%), the market remains under pressure due to hawkish signals from the Federal Reserve and a recent interest rate hike by the Bank of Japan that has dampened global risk appetite. Technically, BTC faces immediate resistance at $92,500, and a failure to break above this could lead to a retest of major support at $81,000 or even the yearly lows near $74,000.

While short-term sentiment is cautious—highlighted by large "whale" transfers to exchanges—long-term institutional outlooks remain bullish, with many analysts predicting a recovery toward $250,000 over the next several years as the market transitions away from its traditional four-year cycle.

BTCUSDT

Perp

88,017.4

-0.07%