Bitcoin’s price has recently plummeted to 86,500 dollars, despite the significant 2 billion dollar purchase by MicroStrategy. This drop confirms a Wave 4 correction as the cryptocurrency attempts to test key Fibonacci support levels approaching 85,848 dollars. The relative strength index is signaling oversold conditions, suggesting a possible bounce. However, for the market to regain its upward trend, reclaiming the 93,676 dollar mark is essential for bullish momentum.