On the night of December 30, Bitcoin$BTC approached the lower boundary of the corridor ($92,500-99,500) of the last ten days. Experts allow for a continuation of the correction before a recovery to record values, writes Cointelegraph.

At the time of writing, Bitcoin is trading at $93,650, showing a decrease of 1.5% over the past 24 hours.

The publication noted that the price has broken down below the 20 DMA and is moving towards the 50 DMA, which is pulling towards $80,000.

The RSI has not reached the oversold level, leaving room for bears.

The cryptocurrency fear and greed index has fallen to 65 points. Such values were last observed on October 15, 2024. #BtcNewHolder