Why $84K–$86K Matters for Bitcoin’s Next Move

[johnblockbuster]

Bitcoin: LTH net position change. Source: Glassnode

With $90,000 lost, analysts are now watching lower levels for potential stabilization. According to Cointelegraph, Bitcoin is trading below key moving averages, with the next technical support near $87,300 and a broader demand zone between $84,000 and $86,000 — an area that previously triggered a rebound in December.

Market analyst Michael van de Poppe notes that momentum indicators are approaching oversold conditions similar to past local bottoms. That doesn’t guarantee a trend reversal, but it does open the door for a short-term bounce if selling pressure eases. For now, Bitcoin isn’t finding strength from new buyers — it’s waiting for sellers to run out.

[lingriiddd]

oversold doesnt mean bounce, just means pain might slow down