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Analyst: If Bitcoin fails to hold the $90,000 support level, it may fall further in the short term
Editor
2025-01-09 10:02 9,609
According to Golden Finance, Bitcoin fell to an intraday low of $92,500, with analysts warning that if the $90,000 support fails to hold, the price may continue to fall in the short term. Biyond co-founder Burkan Beyli said in an interview that if Bitcoin falls below $94,000, the next target is to fall to $81,000 within five weeks. For this bearish scenario to materialize, Bitcoin would need to close below $95,180 next week. Bears may take action when CPI data is released. Overall, I am bearish on cryptocurrencies in the short term (4 to 5 weeks) but still bullish on the long term as I expect DXY to correct after Trump takes office.
Keywords: Bitcoin
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