The post Bitcoin Price Struggles Below $86,000 Amid Selling Pressure and Extreme Market Fear appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) continues to navigate turbulent waters as it suffers significant losses, now trading close to $86,000, amidst an ongoing bear market. The cryptocurrency has faced substantial selling pressure, forcing prices to plummet and leaving previous highs far behind. Recent market analysis indicates that Bitcoin is experiencing mass liquidations, with nearly $1.6 billion wiped from the market in a single day, showcasing the current climate of extreme fear among traders. As highlighted by a popular crypto analyst, Rekt Capital, “The downside deviation below the Range Low of the ReAccumulation Range is now in progress,” suggesting that the bearish trend may have further implications on future price movements. Meta Description: Bitcoin’s struggle persists as prices drop to $86,000 amid mass sell-offs. Analysts warn of potential future liquidations and dampened institutional demand. Bitcoin Enters Bear Market as Price Drops Below $86,000 Data compiled from Cointelegraph Markets Pro and TradingView illustrates a concerning trend for Bitcoin, which is now at its lowest point since November 2022. Following significant pressure from US sell-offs, BTC/USD has entered bear market territory. Analysts reveal that volatility is palpable as investor sentiment remains bearish. Bitcoin has declined 20% from its all-time highs within the past month. Current trading conditions have indicated high levels of selling activity, contributing to the overall downward price trends. A detailed analysis from Barchart confirms the bearish technical indicators, emphasizing the need for caution. Impact of Mass Liquidations on Bitcoin Prices Continuing on the theme of volatility, the recent wave of liquidations has instigated a rush of selling that has directly impacted BTC prices. Expert trader TheKingfisher pointed out a notable imbalance in liquidations, with long positions clustered heavily around the $68k to $77k range. This situation has heightened the risks for traders aiming to capitalize on potential rebounds. “An imbalance favors more liquidations…

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Filed under: News - @ February 25, 2025 6:24 pm