#TradingAnalysis101 Bitcoin Falls to $88K – Further Decline or Rebound Incoming?

I previously warned of a potential drop in $BTC, and it has now fallen from $94K to $88K, in line with my expectations. While Bitcoin still has the potential to surge to $120K, $180K, or even $250K, the possibility of a deeper correction toward $45K–$55K remains.

Current Market Overview

Bitcoin is trading at $88,112, down 6.12%, after breaking key support. The price hit a 24-hour low of $87,432, highlighting strong selling pressure.

Key Levels to Watch

Resistance: $90,800 – A breakout could push BTC toward $92,500 and $95,200.

Support: $87,000 – A breakdown may lead to further declines toward $85,500 and $84,200.

Market Indicators

Parabolic SAR: Bearish, suggesting continued downward pressure.

MACD: Deep in negative territory, indicating strong selling momentum.

Volume: High selling volume, increasing the risk of further downside.

Potential Trade Setups

Long Entry: Above $90,800, targeting $92,500 and $95,200.

Short Entry: Below $87,000, with downside targets at $85,500 and $84,200.

Stop Loss: $89,000 to manage risk.

Bitcoin is at a pivotal moment—traders should wait for confirmation before committing to a position.#TheBitcoinAct $BTC