Bitcoin Pullback Deepens As Price Slips Below $88,000 And Tests $86,500 Support

Bitcoin attempted a relief bounce above $88,500 and briefly broke the $89,000 level, but sellers capped the move just below $90,000. The BTC price has since given back those gains, is trading under $88,000 and the 100 hourly Simple moving average, and is consolidating around the $86,500–$86,700 support area. As long as $86,500 holds, the market may try to reclaim $87,500–$88,500, while a clear break lower could expose supports at $85,500, $85,000 and even $83,500.