Bitcoin crashes to $86,000 yet again, for absolutely no logical reason
Source Cryptopolitan
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Bitcoin’s tanking again: We’re talking another slide from the low-$92k area down toward ~$87,000 over the weekend, and yeah, it’s messy because liquidity is paper thin and everyone’s sitting on their hands ahead of key data.
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Illiquid Sunday vibes: This crash actually started in the slowest trading hours, which always makes moves feel crazier than they are, and with U.S. economic prints and central bank noise this week, traders are hedging and hedging hard.
- Altcoins looked awful too with Solana, XRP, Dogecoin, and Cardano extending double-digit monthly losses while volumes stayed muted across the board.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Ethereum is attempting to recover from a $3,026 low but remains below $3,200 and the 100-hour SMA, with a bearish trend line near $3,175 capping rebounds as bulls need a clean break above $3,200 to target $3,250–$3,400, while a drop below $3,050 risks a retest of $3,000 and $2,940.
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Ethereum is consolidating above $3,200 and its 100-hour SMA after defending $3,150, with a bullish trend line support at $3,180 and an upside breakout hinging on a clean move through $3,320–$3,350, while a drop below $3,150 would reopen $3,040–$3,000 support.
