More than 30,000 Bitcoin have been withdrawn from exchanges in the past week, signaling potential institutional accumulation and reduced selling pressure.
Bitcoin is facing selling pressure, and bears are targeting a break below the critical $80,000 level amid macroeconomic uncertainty.
Bulls need to defend the current support level and reclaim the $86,500 level to regain control and shift momentum in their favor.
Market sentiment is fragile, and BTC's ability to hold or reclaim key levels will determine the prospects of a recovery rally or deeper losses.