#BtcNewHolder Will Bitcoin Crash Below $90,000 Soon?
Bitcoin price has failed to continue its bullish momentum, ever since it broke below the $100,000 resistance level. This has led to a lot of uncertainty regarding future price action.
On the daily chart, the price has been consolidering below $100,000, after breaking higher a few weeks ago and setting a new all-time high. A few days ago, the market failed to break above $100,000 and was rejected to the downside.
As a result, the $90,000 support level is a likely short-term target. The reaction to this area will determine the short-term price action of BTC. 4-hour chart
The 4-hour time frame shows a clearer picture of sideways price action. The market was initially making higher highs and lows within an ascending channel.