Bitcoin falls below the $89,000 mark, with intraday decline widening

According to on-chain data, BTC has continued to come under pressure and decline recently. The current price is $87,920, breaking below the important support level of $89,000. The 24-hour intraday decline is -0.86%, with increased volatility compared to previous periods.

This breakdown in the price range indicates that market sentiment remains divided, with the $89,000 level shifting from support to resistance. In the short term, BTC may continue to fluctuate within the $87,000-$90,000 range, and investors should closely monitor subsequent developments.