Bitcoin (BTC) is experiencing a downward trend, trading close to the $90,000 support level. Its price has declined by over 8% in the past week, and with declining buying pressure and a drop in institutional participation, there are concerns that it could slip below $90,000. The Super Trend indicator and Smart Money Index (SMI) both indicate bearish momentum and a decrease in buying pressure. Additionally, veteran crypto trader Peter Brandt has identified a potential head and shoulders top pattern, suggesting a further decline in BTC's price. However, a shift in market trends could potentially push the price to $102,538.



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