Bitcoin Recovery Stalls Near $88,000 as Analysts Question Market Bottom

Bitcoin's recovery attempt has stalled around $87,500-$88,000 after dropping below $81,000, prompting debate over whether a bottom has formed. Bearish social sentiment, negative MVRV ratios, and six consecutive weeks of whale selling suggest further downside risk. Analysts note a short-term bounce above $90,000 remains possible, though momentum indicators point to continued weakness.