Bitcoin and major cryptocurrencies witnessed a sharp bout of selling over the past 24 hours, with the world’s largest digital asset slipping nearly 2% to trade close to the $90,000 mark. At the time of observation, Bitcoin was hovering around $89,885, reflecting growing caution among traders.

Ethereum also traded marginally lower at around $3,104, while several other leading altcoins followed a similar declining trend. The broader crypto market weakness comes as investors turn cautious amid resistance-driven technical pressures and macro uncertainty.

Market analysts noted that Bitcoin continues to face strong resistance near the $92,000 level. Failure to decisively break above this zone has triggered profit booking and short-term selling pressure. On the downside, experts believe immediate support lies between $89,500 and $88,800. A breakdown below this range could intensify downside momentum in the near term.

Experts further warned that volatility is likely to remain elevated over the coming sessions as traders react to key technical levels and global risk sentiment. While the long-term outlook for Bitcoin remains constructive, near-term price action is expected to remain range-bound with sharp intraday swings.

The broader crypto market sentiment also remains sensitive to developments in global liquidity, interest rate expectations, and regulatory cues, which could influence digital asset prices in the days ahead.