Bitcoin dips below $91K, plummets under $82K amid volatility
Bitcoin price has fallen sharply this week, dipping below $91,000 on Nov 19 before plunging under $82,000 on Nov 21. On OKX, Bitcoin price dropped 2.08% intraday to $90,976.60 and later slid 8.85% to $81,908.30. The rapid swings underline rising market volatility and strong selling pressure. Traders now eye key support levels around $90,000 and $80,000, with resistance near $92,000. Market participants should monitor trading volume and order book depth for signs of a rebound or further decline. While short-term sentiment remains bearish, long-term fundamentals are still intact.
Bearish
The combined news of Bitcoin’s drop below $91K followed by a steep plunge under $82K highlights escalating market volatility and strong selling pressure. Intraday declines of 2.08% and 8.85% signal short-term bearish sentiment. Traders are likely to remain cautious around key support levels at $90,000 and $80,000 and may reduce long positions until signs of renewed buying appear. While long-term fundamentals remain supportive, the immediate impact points to further downside risk.