Yigit Taha OZTURK 
Bitcoin price movements are of great importance to investors in the crypto market. According to recent analyses, BTC has lost the $86,600 support and declined to the lower band of the descending trend. Although it seems to have received a short-term reaction from this region, the overall market outlook remains uncertain.
The current price action of Bitcoin provides critical signals for determining its direction in the coming days. If BTC fails to hold at this level, we could see steeper declines.
What Are the Reasons Behind Bitcoin’s Decline?
Several key factors have contributed to Bitcoin’s recent downturn:
- Macroeconomic Pressures: The U.S. Federal Reserve’s (Fed) interest rate policies and inflation data continue to worry investors. High interest rates lead to exits from risky assets.
- Liquidations in the Futures Market: With Bitcoin’s decline, high-leverage positions have been liquidated, increasing selling pressure.
- Effect of the Downtrend: From a technical perspective, BTC is still moving within a descending trend and has not yet made a strong breakout.
With these factors combined, the loss of the $86,600 level by Bitcoin became inevitable.
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Will the Decline Continue? Critical Support Levels for Bitcoin
Currently, Bitcoin has received a reaction from the lower band of the descending trend, but market conditions indicate that the downward movement may continue. If a lasting support cannot be found in this region, BTC could drop to $83,000.
Critical levels:
- $86,600 → Previous support, now acting as strong resistance.
- $83,000 → Being monitored as a new support zone. If this level breaks, Bitcoin could decline towards $80,000.
If the price gets a strong buying reaction at $83,000, a recovery might be possible. However, new buyers need to enter the market, and Bitcoin must regain strength.
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