If Bitcoin fails to hold the support level of $90,000, it may decline further in the short term

Bitcoin has dropped to an intraday low of $92,500, and analysts warn that if the $90,000 support level cannot be maintained, the price may continue to decline in the short term. Burkan Beyli, co-founder of Biyond, stated in an interview that if Bitcoin falls below $94,000, the next target would be to drop to $81,000 within five weeks. To achieve this bearish scenario, Bitcoin needs to close below $95,180 next week. When the CPI data is released, bears may take action. 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 DXY to correct after Trump takes office.