The Bitcoin market is currently under pressure from a strong bear trend. After hitting a high of $102K, the price of Bitcoin has sharply retreated and is now consolidating around the $94K mark. This slide has raised concerns about whether Bitcoin bears are targeting new lows below the $90K threshold.
In recent days, the Bitcoin price has experienced significant fluctuations, causing uncertainty among investors and traders. The market's reaction to these movements will be crucial in determining the future trajectory of Bitcoin prices. Watch for any shifts in key resistance levels that could impact the market sentiment.