Bitcoin Breaks Key Ascending Channel Support, Eyes $83,500 Target

Bitcoin has fallen below a critical ascending channel that previously supported its price structure, opening the path toward $83,500, according to analyst Ali Martinez. The cryptocurrency trades at $95,973 as the Fear & Greed Index registers 10 in Extreme Fear territory. The breakdown marks a shift from consolidation to a more pronounced downward trend, with selling pressure intensifying across the market.