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Bitcoin (BTC) Demand Fades as Price Nears $90,000 Beincrypto 2 सप्ताह पहले

Bitcoin (BTC) Demand Fades as Price Nears $90,000 📉

Peter Brandt Bitcoin

Bitcoin (BTC) is trading close to $90,000, experiencing an 8% decline over the past week. The decrease in buying pressure and institutional participation raises concerns of further slippage.

Analyzing the BTC/USD chart, BTC trades under its Super Trend indicator red line, signaling bearish momentum. The Smart Money Index also shows declining institutional confidence.

Trader Peter Brandt notes a potential head and shoulders pattern, suggesting further price risks. If confirmed, BTC's price could fall below $90,000, possibly reaching $85,224.

A changing market trend, however, might push Bitcoin's price to $102,538.

स्रोत: beincrypto.com ↗

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