Bitcoin is trading below key demand levels after days of price compression between critical support and resistance zones. The long period of consolidation finally broke downward, with BTC losing the crucial $90K support and setting a fresh low at $86K. This decline has shaken investor confidence, fueling uncertainty across the market.
Top analyst Axel Adler shared CryptoQuant data revealing that the market has seen its most bearish sentiment over the past month. Negative regulatory news and macroeconomic concerns have further pressured prices, leading to a sharp increase in sell-offs. As a result, Bitcoin’s inability to reclaim key support levels suggests that further downside could be on the table.
With BTC now trading at fresh lows, traders are closely monitoring whether the $86K level will hold or if bears will continue to push the price lower. If BTC fails to stabilize, it could enter deeper correction territory,…
