Bitcoin Price Outlook: BTC Drops 7% Below $90K as Key Support and Resistance Levels Define Next Move

Bitcoin has retreated about 7% on the week, sliding below $90,000 after failing to maintain a breakout above the mid-$90,000 range. The price is now fluctuating between a $82,000–$84,000 demand area and a $95,000–$97,000 supply zone, with local support seen around $88,000–$90,000. As long as BTC remains capped under the 100-day moving average and the broken wedge pattern, the market faces the risk of further consolidation or tests of lower support.