Bitcoin’s Next Move: $88,800 Threshold May Determine Short-Term Direction

After a brief respite, Bitcoin (BTC) is hovering around $87,000 but still falls short of a key price level that could signal its next significant direction. According to Alphractal’s CEO Joao Wedson, failure to surpass the $88,800 mark could trigger more profit-taking as investors remain in a loss position and market pressure mounts. The Active Realized Price, currently around $88,800, represents the average purchase price of active investors excluding dormant or untouched coins. )