On September 9, $SOL 1, Cointelegraph reported that Bitcoin fell to an intraday low of $92,500, with analysts warning that if the support level of $90,000 fails to hold, the price could continue to decline in the short term.
Burkan Beyli, co-founder of Biyond, stated in an interview, "If Bitcoin falls below $94,000, the next target is to drop to $81,000 within five weeks. To realize this bearish scenario, Bitcoin needs to close below $95,180 next week. Short sellers may take action when the CPI data is released. Overall, I have a bearish outlook on cryptocurrencies in the short term (4 to 5 weeks), but I remain bullish in the long term as I expect the DXY to correct after Trump takes office."