Analysis: $90,000 may be the key threshold to reverse BTC market sentiment in the near future
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Bitcoin Price Wavers Between $83,000 and $86,000 After Days of Consolidation
Bitcoin's price has been fluctuating between $83,000 and $86,000 after several days of consolidation, with neither bulls nor bears fully controlling the market. This hesitation reflects the widespread uncertainty in global financial markets. Although maintaining support at $83,000, Bitcoin bulls have yet to reclaim the key moving average that would signal a new momentum. If this price level cannot be maintained, it may trigger a new round of selling; if bears regain control, they could push Bitcoin down to $80,000 or lower. $90,000 remains a critical threshold that bulls must reclaim to reverse market sentiment, while the $81,000 area serves as a key recent bottom. (Bitcoinist)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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