Bitcoin dipped below $88,000 amid high volume and renewed selling pressure, with the current price near $90,369.51, down about 1.03%.

Trading volume surged to $38.50 billion, well below the 10-day average of about $64 billion, signaling heightened market activity and potential volatility.

Regulatory concerns and macroeconomic factors are driving the sell-off and ongoing market uncertainty, underscoring the need for careful planning and ongoing monitoring of developments.

Investors, including those in Canada, face a mix of risks and opportunities from the current volatility, with emphasis on data-driven strategies and real-time analytics to navigate the market.

The crypto market remains unpredictable, with high trading volume contributing to price instability and the potential value of analytical platforms for informed entry or exit decisions.

Bitcoin has demonstrated substantial long-term gains over a decade, despite a recent monthly decline, with forecasts showing wide volatility but potential upside to levels around $187,776.

The RSI of 38.29 suggests near-oversold conditions, indicating a possible stabilization or rebound opportunity for traders.