Bitcoin fell to an intraday low of $92,500, Cointelegraph reported, with analysts warning that prices could continue to fall in the near term if the $90,000 support level fails to hold.
In an interview, Burkan Beyli, co-founder of Biyond, said that if Bitcoin falls below $94,000, the next target is to fall to $81,000 within five weeks. For this bearish scenario to happen, Bitcoin needs to close below $95,180 next week. The bears may take action when the CPI data is released. Overall, I am bearish on cryptocurrencies in the short term (4 to 5 weeks), but still bullish in the long term because I expect DXY to correct after Trump takes office.

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