Bitcoin Plunges Below $88,000: What Is Going On?

Bitcoin (CRYPTO: BTC) has tumbled below $88,000, levels not seen since mid-November 2024, as market sentiment reacts to Donald Trump’s tariff announcement.

Trader Notes: Crypto chart analyst Ali Martinez warns that BTC is breaking below a parallel channel and could slide to $81,000 unless it reclaims $92,500.

Bluntz Capital notes that Bitcoin is at a key level, where a bounce is possible after both sides of the range have been tested. Failure to hold this level could result in a more severe drop.

Full story available on Benzinga.com