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Will Bitcoin crash below $90k?

Author: Content Editor
The price of Bitcoin (BTC) experienced a 9.52% drop in 24 hours on December 20, falling from $108,000 to $92,398. This has raised concerns about whether Bitcoin will continue to rise or if it will experience a deeper collapse. Analysts have suggested that $92,000 is a critical support level, and if the price falls further, the next potential bounceback level would be around $88,000. However, some analysts believe that the recent price drop is a normal and healthy correction, and could potentially lead to a renewed rally. The Federal Reserve's announcements about future inflation and interest rate cuts are believed to have triggered the recent downtrend. Despite the current downturn, historical examples suggest that Bitcoin's long-term upward path remains unobstructed, and price predictions for the future are still valid. However, concerns have been raised about Bitcoin's status as a safe-haven asset compared to gold.

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