Bitcoin faces a critical monthly close as it trades near $89,645, with analyst KillaXBT outlining three potential scenarios. After a rejection from $94,600, BTC dipped toward $88k, showing signs of selling pressure. The first two scenarios suggest a temporary rise to the low-to-mid $90,000s to rebalance liquidity before declining toward $83,800. The third, more bearish scenario, involves a breakdown below $87,664, potentially leading to a sharp drop. The analyst favors the first two outcomes but warns that losing the $83,800 support would severely impact long positions.

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Bitcoin Approaches Key Monthly Close — Here Are 3 Likely Scenarios

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