Bitcoin's price fell below $87,000 on Wednesday, marking a significant dip as the cryptocurrency missed a key psychological threshold. This decline follows $188.64 million in outflows from spot Bitcoin ETFs on Tuesday, marking the fourth consecutive day of withdrawals. Additionally, the number of wallets holding at least 1 BTC decreased by 2.2% to 974,380, indicating reduced activity among large holders. The Relative Strength Index (RSI) for Bitcoin stands at 41, suggesting ongoing bearish pressure. Analysts predict that if the downward trend continues, Bitcoin may find support at $85,569. Conversely, a close above $90,000 could propel the cryptocurrency towards $94,253.