Bitcoin Price Drops Below $87,000 Amid Market Volatility
Bitcoin price volatility continues this week as BTC tumbled twice across key support levels. On November 21, Bitcoin fell below $84,000 on Binance USDT, and on November 24 it breached the $87,000 mark. Profit-taking, shifting market sentiment and macroeconomic pressures drove these declines. Traders should monitor Bitcoin trading volume, support and resistance clusters, regulatory updates and liquidity trends to anticipate further moves. Despite short-term headwinds, long-term fundamentals—growing institutional adoption, blockchain upgrades and network expansion—remain intact. Market corrections may offer strategic buying opportunities. Effective risk management through diversification and clear entry and exit strategies is essential amid increased volatility.
Bearish
The repeated breach of key support levels at $84,000 and $87,000 signals sustained bearish momentum for Bitcoin in the short term. Profit-taking, negative market sentiment and macroeconomic headwinds have intensified selling pressure. While long-term fundamentals remain supportive, the immediate price action and increased volatility point to a bearish outlook for traders focusing on near-term moves.