$BTC Bitcoin has been sliding and recently hit multi-week lows near the mid-$80K area, pressured by macro uncertainty and profit-taking after failing to sustain a breakout above ~$100K. 
• Broader crypto markets are also under strain, with ETF outflows and rising safe-haven demand pushing capital toward gold and away from risk assets. 
📊 Technical Structure
• BTC price is in a consolidation range roughly between ~$85K–$95K, with support levels around $85K and resistance in the low-$90Ks. 
• Some analysts warn that a break below critical support could pave the way toward deeper pullbacks (targets like ~$74K or lower). 
• Technical models (e.g., Elliott Wave or volatility squeeze patterns) suggest that Bitcoin’s recent rally might have completed a major wave, opening the potential for a longer corrective phase before resuming a sustained uptrend.
Bitcoin benefits from institutional adoption (ETFs, regulated vehicles) and narrowing supply on exchanges. 
• Many institutional forecasts still see year-end 2026 targets between ~$110K and ~$175K, assuming macro conditions improve.
