BlockBeats news, on January 9, according to Cointelegraph, 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 may continue to drop in the short term.
Biyond co-founder Burkan Beyli stated in an interview, "If Bitcoin falls below $94,000, the next target is to drop to $81,000 within five weeks. To achieve this bearish scenario, Bitcoin needs to close below $95,180 next week. Shorts may take action when the CPI data is released. Overall, I hold a bearish outlook on cryptocurrencies in the short term (4 to 5 weeks), but remain bullish in the long term, as I expect the DXY to correct after Trump's administration takes office."
