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Bears are continuing their pressure, and most of the coins are in the red zone again, according to CoinMarketCap.

BTC/USD

The rate of Bitcoin (BTC) has dropped by 3.21% over the last 24 hours.

On the hourly chart, the price of BTC has made a false breakout of the local support of $91,800. As most of the ATR has been passed, there is a chance to see a bounce back.

If the daily bar closes far from the mentioned mark, traders may witness a test of the $94,000 zone soon.

On the bigger time frame, the situation is less positive. The rate of the main crypto is on the way to testing the support of $90,405. If it breaks out, the accumulated energy might be enough for a decline to the $88,000 range.

From the midterm point of view, the picture is also bearish. If buyers lose the vital $90,000 area, the next zone where a bounce back is possible is around $82,000.

Bitcoin is trading at $92,782 at press time.