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Analyst: Bitcoin's Key Support Level at $86,000, Breach May Trigger Deeper Pullback
Summary: According to CoinDesk, Bitcoin fell below $90,000 on Sunday, with limited overall investor risk appetite ahead of important economic data releases next week and central bank meetings. Some analysts warn that if key technical levels are breached, Bitcoin's sideways trend may turn downward. Crypto analyst Ali Martinez stated on X platform that $86,000 remains a ...
According to CoinDesk, Bitcoin fell below $90,000 on Sunday, with limited overall investor risk appetite ahead of important economic data releases next week and central bank meetings. Some analysts warn that if key technical levels are breached, Bitcoin's sideways trend may turn downward. Crypto analyst Ali Martinez stated on X platform that $86,000 remains a crucial support level for Bitcoin, and a breach could lead to a deeper pullback. Currently, the crypto market remains in a range-bound state with low trading volume and limited trading confidence, as investors await upcoming US macroeconomic data and central bank policy decisions for clearer direction signals.
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Link: Analyst: Bitcoin's Key Support Level at $86,000, Breach May Trigger Deeper Pullback [Copy]
