Bitcoin Dips Below $88K as Volatility Returns and Fear Dominates Market Sentiment
Bitcoin price action shows increased volatility, dipping to $87,600 before recovering slightly to around $89,400.
The Crypto Fear and Greed Index has dropped to 17, signaling extreme fear for over 30% of the past year.
Michael Saylor hinted at further Bitcoin acquisitions by MicroStrategy amid the price decline.
Key support levels at $88,500 hyphen $89,000 are under test, with risks of a drop to $80,000 if breached.
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