Bitcoin Faces Key Support Near $87,500: Analyst Warns of Potential Downward Move

Crypto analyst Joao Wedson warns that Bitcoin (BTC) is at a crucial juncture, with the support level near $87,500 facing a significant challenge. This analysis comes from the Alpha Price metric developed by Alphractal, which has historically proven accurate in identifying price support levels based on wallet activity and transaction data. Wedson emphasizes that if BTC breaches this key support, a potential drop to $75,000 is highly probable.