Bitcoin Price Takes a Hit—Is This Just the Beginning?

If Bitcoin fails to stay above the $86,000 support level, there could be further downside towards $85,000 and $83,200. On the upside, a break above $91,250 resistance could lead to a recovery towards $93,500 and $95,000. The MACD is showing bearish signs, while the RSI is below 50, indicating a negative sentiment. Overall, Bitcoin price is at a crucial juncture and must hold above $86,000 to avoid more losses in the near term.