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Bitcoin Price Falls Below $88,000, Downside Risk Increases

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BTC
$87,393.60-2.38%
Bitcoin price today fell below $88,000, according to Bijié Wǎng, with all recent gains erased. The price is now under the 100-hour SMA, and a descending channel is forming on the BTC/USD hourly chart. Resistance is near $87,500, while a break below $86,500 could trigger further declines. Analysts are watching closely for Bitcoin price prediction signals amid the downward trend.
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