The cryptocurrency market is experiencing bearish pressure, with most coins in the red zone according to CoinMarketCap. The price of Bitcoin has declined by 0.37% over the last day and is approaching a local support level of $92,465. If this support level is breached, there is a potential for further correction towards the $91,000 zone. On a larger time frame, there is a possibility of a support breakout leading to a drop to the $88,000-$90,000 range. Sellers are currently more powerful than buyers, and if the $92,118 level is broken, there could be a test of the $80,000-$85,000 zone. At present, Bitcoin is trading at $93,274.



Other News from Today