As fear spreads across the cryptocurrency markets, Bitcoin’s price has taken a downturn. Currently, BTC is priced around $88,000, down 20% from its all-time high of $109,900.

Understanding the emotional responses during such market fluctuations is essential for traders. To maintain a level head, it’s recommended to reanalyze the market instead of succumbing to FOMO (Fear of Missing Out).

“Waiting for the new headline: #Bitcoin ‘CRASHES’ from $101,000 to $85,000. Save the tweet.” — CZ 🔶 BNB (@cz_binance)

The recent market activity shows substantial liquidations, amounting to over $1.3 billion. Despite the turmoil, Bitcoin’s bullish structure remains intact, and critical support levels are forming between $82,000 and $86,000, crucial for sustaining upward momentum.