Bitcoin Price Falls Below $86,500 as Sellers Gain Control

iconNewsBTC
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

Citing NewsBTC, Bitcoin price has fallen below $86,500, with sellers taking control as the price breaks key support levels. BTC is down over 5% and is currently trading below $88,000 and the 100-hourly simple moving average. A break below the $89,500 support on the hourly chart signals further downside potential if the price remains below $86,500.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.