Bitcoin (BTC) Drops Below $88K on Binance – A Temporary Dip or Start of a Bigger Correction?
Bitcoin (BTC) is currently trading at $87,432 on Binance, reflecting a 3.41% decline in the last 24 hours. The price saw a high of $92,810 before dropping to a low of $87,245, indicating increased selling pressure.
Despite the recent dip, BTC remains in a strong long-term uptrend, fueled by anticipation of the upcoming Bitcoin halving event. However, short-term volatility is shaking weak hands. Traders are closely watching key support levels around $85,000, while a recovery above $90,000 could reignite bullish momentum.
Will BTC bounce back, or is this the start of a deeper correction? Drop your thoughts below!