Bitcoin (BTC) has broken below the consolidation zone and dropped below $90,000 for the first time since November, trading at $88,956. The decline is attributed to reduced trading activity by Bitcoin whales, leading to concerns of further decline. The netflow of large holders has dropped significantly, indicating increased selling activity. According to Ledn's CIO, BTC is likely to remain range-bound between $89,000 and $108,000 in March. The impact of President Donald Trump's policies on BTC's price is expected to be minimal. The RSI readings suggest that BTC may be oversold and ready for a rebound if selling pressure eases.



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