Analyst: Bitcoin Must Reclaim and Hold $88,880 to Confirm a Market Bottom

A CryptoQuant analyst says Bitcoin has not confirmed a bottom and needs to reclaim and hold $88,880 rather than briefly tagging it. The analysis highlights resistance from three groups of underwater holders at 88,880, $93,450, and $111,850. BTC traded at $80,207 at 11:30 UTC on Friday, after moving between $79,286 and $81,158 over the prior 24 hours.