Bitcoin Price Falls To $86,000; Will It Shake Out Weak Hands?

Bitcoin is trading at $86,005, holding just above the $85,204 support level. The asset remains trapped under a persistent downtrend that has lasted more than a month. This would preventing any sustained recovery attempts.

If market conditions worsen or short-term holder selling accelerates, Bitcoin could break below $85,204. A drop through this support would expose the price to $82,503 and potentially deepen losses as fear rises across the market.

However, if buyers step in and support strengthens, Bitcoin could reclaim upward momentum. A bounce from current levels could send BTC toward $89,800. A decisive move above that resistance would be essential for Bitcoin to retest $90,000 and invalidate the bearish thesis.