Bitcoin Price Fails To Secure $88,000, But BTC is Far From Capitulation

Bitcoin continues to struggle with the $85,000 resistance, failing to hold above $88,000. BTC circulation has hit a five-month low, indicating investor caution. However, long-term holders remain optimistic, with selling pressure at its lowest since 2021. This week, Bitcoin briefly reached $88,500 but declined following the negative impact of Trump’s newly announced tariffs. Currently, BTC is trading at $83,403. To regain an upward trend, it must establish $85,000 as support and break above $89,800. Otherwise, it could drop to $80,301, invalidating the bullish outlook. Show Less