Bitcoin fell 13% last week after bears decisively broke $84,000 support, pushing prices to $75,600 before a minor recovery to $76,919 close. The loss of the 100-week SMA signals bear market confirmation, with resistance now at former support levels.
The bitcoin price fell to $86,000 over the weekend but has steadied to around $87,850 amid caution over Federal Reserve policy, recent liquidations, and technical pressure.
Bitcoin closed the week at $86,588 after losing $87,000 support, with bears eyeing a decisive break below $84,000 that could accelerate declines toward $68,000–$72,000.