Bitcoin stalls near $86,500; failure to reclaim $88,000 could open $80,000 test

Bitcoin is trading around $86,500 after nearly a 30% slide from its October high above $126,000. Analysts say a decisive break above $88,000 is needed, or attention may shift to $83,000 and $80,000, with some highlighting a deeper $72,000–$75,000 area. Longer-term signals turned cautious as weekly Supertrend support was lost and liquidations drove recent downside.