coin-img-ETHETH+0.22%coin-img-BTCBTC+0.55%coin-img-SOLSOL+0.18%coin-img-UCNUCN+0.25%coin-img-XRPXRP-1.82%coin-img-USDCUSDC+0.00%coin-img-ASTERASTER+3.18%coin-img-TONCOINTONCOIN-0.85%coin-img-ETHETH+0.22%coin-img-BTCBTC+0.55%coin-img-SOLSOL+0.18%coin-img-UCNUCN+0.25%coin-img-XRPXRP-1.82%coin-img-USDCUSDC+0.00%coin-img-ASTERASTER+3.18%coin-img-TONCOINTONCOIN-0.85%coin-img-ETHETH+0.22%coin-img-BTCBTC+0.55%coin-img-SOLSOL+0.18%coin-img-UCNUCN+0.25%coin-img-XRPXRP-1.82%coin-img-USDCUSDC+0.00%coin-img-ASTERASTER+3.18%coin-img-TONCOINTONCOIN-0.85%coin-img-ETHETH+0.22%coin-img-BTCBTC+0.55%coin-img-SOLSOL+0.18%coin-img-UCNUCN+0.25%coin-img-XRPXRP-1.82%coin-img-USDCUSDC+0.00%coin-img-ASTERASTER+3.18%coin-img-TONCOINTONCOIN-0.85%
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Scott Matherson

Bitcoin Faces Potential Drop to $88,000 Amid Descending Channel Pattern

Bitcoin could experience a significant decline following recent bearish trends, market analysts warn. Technical analysis identifies a descending channel pattern suggesting downward pressure, with potential support levels at $93,000 and $88,000. Long-term holders have sold over 390,000 BTC in recent months, contributing to selling pressure.
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