Bitcoin’s price continues to trade within a tight range between 86,000 and 89,000, facing significant headwinds after recent attempts to break above the resistance at 89,000. A six-week correction has already seen Bitcoin plummet from 126,000 to 86,000, highlighting the volatile nature of the cryptocurrency market. While some relief was provided by a brief rebound on Friday, technical indicators suggest a sustained recovery is unlikely in the short term. MACD remains overextended below zero but above its signal line, and RSI hovers near the oversold zone (30). This, coupled with recent price action breaking below long-term ascending trendline from May 2024, suggests potential for further downside momentum.