Bitcoin's price is currently hovering just above $88,000 as traders closely monitor its ability to maintain levels above $80,000 through the weekend. The cryptocurrency market is experiencing heightened volatility due to global economic uncertainties, particularly with upcoming key economic indicators such as Japan's interest rate decision, U.S. GDP figures, and core PCE data. Additionally, the launch of a new Bitcoin Layer 2 solution is capturing market attention, although analysts remain divided on future price predictions. As the holiday season approaches, concerns about reduced market liquidity are also influencing trading strategies.