Bitcoin Correction: Key Support Levels in Focus
BTC is testing critical support with a large long-liquidation cluster below and short liquidations stacked above $85K. Analysts are split between a bounce to $84–90K and a flush to the mid-$70s.
What we know
An account on X flags BTC sitting on support with a large long-liquidation cluster below and short liquidations piled above $85K — the lower cluster appears more fragile. A falling wedge pattern is forming: break up = $90K, break down = mid-$70s. 4H RSI bullish divergence offers a counter-signal with $84K as a bounce target. Another account on X frames red days as healthy bull market behavior — higher lows on bad news until the marginal buyer exhausts. Another account on X says he accepted a dip to $72K was always possible and remains unconcerned. Another account on X notes the altcoin market cap retest came fast; the $450B zone is critical for alts.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.