Deep Tide TechFlow News, on January 9, Glassnode co-founder Negentropic released an analysis indicating that Bitcoin price momentum has turned bearish, currently testing the support level of $92,500. Due to the negative news that the U.S. government may sell 198,000 Bitcoins it holds, the price may drop below the current position and retract to $90,000.

Historically, after a long period of rising, a bearish reversal usually signals that the price will retract to a lower support level, and investors should pay attention to the key price range of $90,000.