Bitcoin Price Drops Below $86K: Traders Analyze Potential Market Bottom

Bitcoin (BTC) has revisited its weekly lows, falling below the $86,000 mark. This price movement has prompted traders and analysts to actively debate whether the market is approaching a local bottom or if further downside is imminent. The dip represents a significant pullback from recent highs, fueling discussions about key support levels and potential entry points for investors. Market sentiment is cautious as participants assess macroeconomic factors and on-chain data for clues on Bitcoin's next directional move. The current consolidation phase is seen as a critical test for the bull market's resilience.