Bitcoin is experiencing a correction in its value, with support around $88,000. This decline could be due to an overheated leveraged market, causing forced liquidations and price drops. While Bitcoin’s price may reach $90,000 or even $85,000, technical analysis suggests that the important support level is between $85,000 and $88,000.
Falling below this level could trigger a series of liquidations.
Source
<p>The post Bitcoin’s Short-Term Correction: The Key Support at $88,000 first appeared on CoinBuzzFeed.</p>
