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“Bitcoin Drops Below $87,000: End of the Bull Run or Just a Correction?”

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Has the Bitcoin Bull Run Come to an End? What You Need to Know

Bitcoin (BTC) has been on a rollercoaster ride in recent months, but the latest market developments have raised concerns among investors. With BTC plunging below $87,000, many are wondering if the bull run has finally come to an end. Let’s analyze the situation and what could happen next.

Market Turmoil: Bitcoin Falls Below $87,000

The global financial landscape has been shaken by the recent trade policies of U.S. President Donald Trump, who has imposed 25% tariffs on Canada and Mexico. This move has negatively impacted both stock and crypto markets, causing the global cryptocurrency market capitalization to drop below $3 trillion.

As a result, Bitcoin’s price has fallen below $89,000 for the first time since its rally in November 2024. Market sentiment has turned extremely bearish, raising concerns that BTC could dip further below crucial support levels.

Bearish Pressure Intensifies on Bitcoin

The downward trend in Bitcoin and the broader crypto market has intensified, dragging BTC’s price below $86,000. Investor confidence has plummeted, with market sentiment indicators dropping to levels last seen during the FTX crash.

Adding to the concern, Bitcoin has reached the neckline of a significant bearish pattern, indicating a potential further downturn. The daily BTC chart suggests that Bitcoin has broken below the neckline of an ‘M-shaped’ or double-top pattern, which is a strong bearish signal. Moreover, the Gaussian channel—an indicator used to determine market trends—has flipped bearish after remaining bullish since October 2024.

Additionally, Bitcoin’s Relative Strength Index (RSI) has reached the lower threshold, nearing oversold levels. The last time BTC’s RSI entered oversold territory was in August 2023. If panic selling continues, Bitcoin could drop further, potentially testing support levels near $80,000.

Is the Bitcoin Bull Run Over?

Despite the recent dip, Bitcoin’s long-term outlook still holds potential for a rebound. However, the current trend suggests that BTC will remain under bearish influence for some time.

One key factor to watch is whether Bitcoin can enter the demand zone, which lies around 3% to 4% lower than current levels. Historically, such levels have triggered strong rebounds. If BTC manages to stabilize within this range, a recovery could be on the horizon.

Final Thoughts

While Bitcoin’s price drop below $87,000 has raised concerns, it is essential to consider both technical indicators and market conditions before jumping to conclusions. The crypto market is highly volatile, and while bearish trends dominate now, a potential reversal could be in the making.

Investors should stay informed, analyze market trends carefully, and make decisions based on thorough research rather than panic-driven reactions. Whether this is the end of the bull run or just another correction in Bitcoin’s long-term uptrend remains to be seen.

Disclaimer:

The information provided is for informational and educational purposes only and should not be considered financial, investment, or legal advice. We do not guarantee the accuracy, completeness, or reliability of any information presented. Any financial decisions you make based on this content are at your own risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Investing involves risk, and past performance is not indicative of future results. We are not responsible for any losses or damages resulting from your actions.

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101 thoughts on ““Bitcoin Drops Below $87,000: End of the Bull Run or Just a Correction?””

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