Currently, Bitcoin is in an uptrend, but a correction may occur soon. There is a possibility that the price will drop to $86,000 as a correction before resuming the upward movement. If selling pressure continues, we might see further declines, but as long as the price holds this level, it could bounce back up. It is advisable to monitor price action and manage risks carefully.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.