The crypto strategist known as Cheds believes that if Bitcoin corrects below $90,000, it will experience a significant drop in value. He states that Bitcoin is currently trading in a sideways trend with resistance at $107,000 and support at $90,000. Cheds emphasizes the importance of defending the $90,000 support level, as a breakdown could lead to a decline to as low as $74,000 or $72,000. He views losing this support as a severe blow to Bitcoin's momentum. At the time of writing, Bitcoin is trading at $96,231.



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