#BTCNextMove
The decline occurred after the statement of the Chairman of the Federal Reserve (The Fed), Jerome Powell, who emphasized that the US central bank is not allowed to hold Bitcoin. This statement sparked concerns among investors, causing a sell-off in the crypto market.
Market analyst Justin Bennet warned that if Bitcoin is unable to break through the US$102,000 level again, the price could fall further to reach US$85,000. However, Bennet remains optimistic that the Bitcoin bull market is not over yet.