I had already warned about $BTC ’s decline in my previous post, and now it has dropped from $93K to $87K just as predicted❗I believe $BTC could reach $100K, $150K, or even $200K, but first, it might dip toward $40K or $50K. $BTC /USDT – Sharp Drop Below $88,000, Is More Downside Coming❓#Bitcoin is currently trading at $87,388, down 5.89%, after breaking below key support levels. The price hit a 24h low of $86,781, signaling strong selling pressure.

Key Levels to Watch

Resistance: $89,500 – A breakout could push BTC toward $91,000 and $93,700

Support: $86,500 – A breakdown may lead to further downside toward $85,000 and $83,700

Market Insights

Parabolic SAR: Clearly bearish, suggesting continued downside pressure

MACD: Deep in negative territory, indicating strong downward momentum

Volume: Selling volume remains high, increasing the risk of further declines

Trade Setup

Long Entry: Above $89,500, targeting $91,000 and $93,700

Short Entry: Below $86,500, with downside targets at $85,000 and $83,700

Stop Loss: $88,500 to manage risk

Bitcoin is at a crucial level, and traders should wait for a confirmed move before taking positions.