Pi Network Price Plummets 16%, Bitcoin Rejected at $86K (Market Watch)
Portfolio Pulse from
The cryptocurrency market is experiencing significant price fluctuations, with Pi Network experiencing a sharp 16% decline. Bitcoin has been rejected at the $86,000 price level, indicating potential market resistance and uncertainty. Meanwhile, OM has emerged as the top performer in the past 24 hours.
April 16, 2025 | 10:15 am
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NEGATIVE IMPACT
Bitcoin encountered selling pressure near $86,000, suggesting potential short-term bearish sentiment and market consolidation.
The rejection at $86,000 indicates strong resistance and potential profit-taking by traders. This suggests a possible short-term downward price movement for Bitcoin.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 90