CandleFocus Bitcoin Drops Below $90,000 for the First Time in 2 Months
2025-01-13
Author: Content Editor
Bitcoin (BTC) fell below the $90,000 mark for the first time in two months, signaling a bearish sentiment in the market. The coin has rebounded slightly to $92,385 but could continue to decline in the short term due to waning buying pressure. The Relative Strength Index (RSI) confirms this bearish outlook with a downward trend. Bitcoin also trades below the dots of its Parabolic Stop and Reverse (SAR), indicating a potential downtrend or bearish reversal. If sell-offs continue, BTC's price could fall back below $90,000 and potentially reach support at $85,224. However, if the current uptrend is maintained, the coin could surpass the resistance at $95,513 and rally towards $102,538.
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