Well, we almost saw Bitcoin reaching as low as $85,000 yesterday. With the $89,000 support being broken yesterday, I guess it's safe to say now that the current support already is at the $87,160 as we saw an immediate bounce of off that price.

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Just to add to what's happening right now with the market, I added a picture which shows the candles of the price of Bitcoin on a weekly time frame. That blue is the 21 Weekly EMA and the red is the 34 Weekly EMA. Both EMA's can be considered as a long-term support, and once we saw Bitcoin closing the week at below those 2 indicators, that might be a sign of a reversal towards the bearish.

Fortunately, we're still days in ending the week so there's still time for Bitcoin to end the week above the blue line. I put a circle on those 2 candles out there to show that as long as we close above those 2 lines, we are still in a bullish momentum. My point? There's no need to panic because we're still in a bull run, and as long as Bitcoin doesn't close the week below those 2 lines, the trend will continue. As we saw Bitcoin below the strong support of $89,000, I just hope that all of us took the opportunity to accumulate Bitcoin at a much lower price.