Bitcoin’s market correction
Bitcoin was experiencing a pullback at press time, trading at $86,047 and reflecting a 0.25% daily decline.
The correction followed BTC’s rejection at the $92,000 mark, with a series of lower highs pointing to weakening bullish momentum.
The RSI was 40.54 at press time, hovering near oversold territory — suggesting increased bearish pressure but also a possible reversal zone.
Source: TradingView
Meanwhile, the OBV fell, indicating reduced buying pressure and fading investor confidence. If BTC fails to hold current support, further downside toward the $80,000-$82,000 range is possible.
Still, historical price cycles suggest that corrections at this stage often mark accumulation zones before a stronger uptrend resumes.
