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#BitcoinPriceWatch | BTC Slips Below $87,000 Amid Market Consolidation
Bitcoin has pulled back below the $87,000 mark, recording a 2.47% drop in the last 24 hours. This correction reflects a broader phase of market consolidation as traders lock in profits and react to shifting macroeconomic signals.
🔎 Technical Breakdown
Profit-Taking Pressure: After recent highs, both long-term holders and short-term traders secured gains, triggering a wave of sell orders.
Support Level Breach: Breaking a key support zone activated stop-loss cascades, amplifying downward momentum.
Volume Confirmation: Ele