Bitcoin (BTC), the leading cryptocurrency, experienced a brief dip below the $90,000 mark, marking its first fall past this support level in two months. The decline is part of a broader market downturn and bearish sentiment.
Although Bitcoin rebounded slightly, market analysis tools like the Relative Strength Index (RSI) indicate continuing bearish pressure.
The Parabolic Stop and Reverse (SAR) indicator also suggests potential further declines as BTC trades below its dots, reflecting waning demand.
Future predictions indicate potential volatility with prices fluctuating between an $85,000 support level and a $102,000 rally potential, influenced by market sell-offs or uptrend continuity.
