CandleFocus Crypto Analyst Issues Bitcoin Alert, Predicts Says BTC Could Drop Further if Critical Support Level Crumbles
2025-01-13
Author: Content Editor
A crypto analyst warns that Bitcoin could drop further if it fails to hold the $91,000 support level. The analyst states that a daily close below $91,000 could send Bitcoin into the $87,000-$91,000 range. However, if Bitcoin maintains the $91,000 support by the end of the day, it could continue trading within the $91,000-$101,000 range. The analyst also notes that Bitcoin is currently in the fourth week of a price discovery correction, which historically lasts 2-4 weeks. At the time of writing, Bitcoin is trading at $91,767, experiencing a 3% decrease on the day.
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