Bitcoin is down again, failing to hold above $100K. Like a roller coaster, BTC price is sliding down, heading towards the $91K support level. Will we see BTC fall to $85K, or even $80K? 🤔
- **Daily Chart**: After briefly touching $100K, the price is back down. Like a cat afraid of water, BTC is reluctant to stay at that level.
- **4-Hour Chart**: Consolidation between $92K and $100K. RSI below 50% indicates bearish momentum. Is it time for BTC to test the $92K level again?
- **On-Chain Analysis**: BTC miner reserves are dropping drastically. Miners seem to be on a selling spree, adding to the selling pressure in the market.
What do you think? Is it time to buy or wait? Let's discuss in the comments!