Bitcoin's price has fallen below $88,000, marking a significant structural pressure test for BTC/USD. The cryptocurrency, which had reached a high of $125,000, has experienced a rapid decline to $81,000, moving through five supply and demand blocks. Analysts suggest that a further decline through a sixth block could see Bitcoin's price target $74,000.
Market dynamics indicate that if Bitcoin's dominance remains above $100,000, a potential market rotation could occur. However, a breach below the $74,000 level might lead to further declines, with possible targets at $55,000 or even $46,000, highlighting the volatility and uncertainty in the current market environment.
Bitcoin Faces Structural Pressure as Price Drops Below $88,000
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