CandleFocus Will Bitcoin's Decline Continue? Analysis Company Says "Risk Continues", Announces Expected Level!
2025-01-09
Author: Content Editor
The Bitcoin price fell below $93,000 after the release of hawkish FED minutes and the US government's permission to sell Bitcoins seized from Silk Road. Singapore-based crypto firm QCP Capital predicts that the price may drop further to $90,000. Analysts attribute the decline to increasing macroeconomic concerns and expect prices to remain weak, with Bitcoin consolidating between $92,000 and $95,000 in the short term. If the price falls below $92,000, it could potentially reach $90,000.
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