By Chris Hollingworth 
Bitcoin recently experienced a significant drop below the key $100,000 mark, indicating a shift in market sentiment towards bearish territory. This decline underscores the current dominance of sellers in the market.
As the cryptocurrency continues its downward trajectory, the next notable support level to watch for is at $87,800. This level may serve as a critical point where investors assess the market dynamics and potential buying opportunities.
Investors and traders are closely monitoring Bitcoin’s price movements to gauge the overall market sentiment and make informed decisions about their positions. The breach of the $100,000 level has sparked increased volatility and uncertainty in the cryptocurrency market.
It is essential for market participants to stay informed about the latest developments and technical levels in Bitcoin to navigate the market effectively during periods of heightened volatility and price fluctuations.
