Bitcoin expanded its losses as traders see a price support test below USD 90K
Bitcoin traders are increasingly offering bearish short-term price targets for BTC as Wall Street's return offers little relief.
Bitcoin (BTC) fell below USD 94,000 at the Wall Street open on December 23, as bulls received little relief with the return of TradFi.
BTC price drop: Will it retreat to USD 85,000?
Data from Cointelegraph Markets Pro and TradingView showed daily losses of 1.2% in the BTC/USD pair at the time of writing.
After sellers ended a rally to USD 99,500 over the weekend, Bitcoin failed to regain lost ground, with its drop from last week's all-time highs standing at 15%.
Summarizing short-term price behavior, the popular analysis account X Bitcoindata21 warned about support/resistance flips.