Bitcoin's price failed to break above $100,000, falling to $94,500 instead. Key indicators suggest further declines, potentially going below $90,000. The risk reversal indicator shows a bias for protective puts, with traders preparing for a potential slide. The demand for BTC in the US has weakened, as seen by the renewed price discount on Coinbase compared to Binance. The RSI divergence indicates that bullish momentum has slowed down, potentially leading to losses. Intraday charts show support between $87,000 and $88,000, suggesting a floor for the expected decline.



Other News from Today