Bitcoin is facing further declines if it fails to hold support at $91,583, with the next key target being $85,610. The cryptocurrency experienced a sharp downturn, falling below $98,000 and $96,000 over the weekend. Despite briefly reaching $99,000, Bitcoin was unable to maintain upward momentum towards the $100,000 milestone. Analysts are pointing to technical indicators such as the TD Sequential indicator and the MACD indicator, which suggest a bearish trend. However, some analysts believe that pullbacks are normal in a bull market and still predict Bitcoin could rally to $150,000.



Other News from Today