Bitcoin breaks below $90K as volatility expands
The post Bitcoin breaks below $90K as volatility expands appeared com. Key Takeaways Where is Bitcoin trading now? BTC broke decisively below $90, 000 on 20 November, hugging the lower Bollinger Band and testing the S3 pivot zone in the mid-$80K region. What does the CMF indicator show? The Chaikin Money Flow is currently at -0. 15, indicating persistent distribution rather than accumulation, with no bullish divergence yet forming. Bitcoin printed a strong red candle on the daily chart, pushing decisively below the $90, 000 psychological level and hugging the lower Bollinger Band. The 20-day Bollinger midline sits just above $100,000, now marking major resistance. The upper band near $113K sits far above spot price, underscoring how dramatically Bitcoin has fallen in a short span. Band width has expanded sharply, which typically accompanies trend acceleration phases rather than calm consolidation. As long as BTC continues to close near or below the lower band, sellers remain in control, and volatility works against bulls. Pivot points and fib levels flag next downside zones Bitcoin is currently testing the S3 pivot area in the mid-$80, 000 region, aligning with today’s daily low. If this zone fails to hold on a closing basis, the chart opens deeper support around $80K-$82K, where previous demand and Fibonacci confluence converge. Below that level, an extended 1. 618 downside projection in the low-$70K region becomes the next major capitulation target if selling accelerates further. Until BTC recovers at least the mid-$90, 000 area, rallies appear to be bounces within a broader downtrend. CMF shows persistent outflows, not quiet accumulation The Chaikin Money Flow indicator is currently at -0. 15, firmly in negative territory. Readings below.