Bitcoin and the Critical Support of 90K The Risk of Entering a Bear Market!!!!
The cryptocurrency market is known for its extreme volatility, and Bitcoin, as the main reference in the sector, frequently oscillates between cycles of highs (bull market) and lows (bear market). In the current scenario, many analysts highlight the importance of the support of 90 thousand dollars as a critical zone for the continuation of the upward trend.
If Bitcoin loses this support, the market may face a significant reversal, characterizing a bear market. This possibility occurs due to the technical behavior of investors: when an important support is broken, confidence in the asset decreases, generating a wave of sales that intensifies the fall.
In addition, the breaking of 90K could also trigger a series of automatic sell orders (stop-loss), further increasing the negative pressure. In this context, the next support levels would be well below, possibly in the range of 75K to 85K, which could prolong the devaluation phase.
For Bitcoin to avoid this scenario, it will be essential to observe whether it can hold the 90K support and, ideally, retake the resistance region near 100K, which would demonstrate buying strength. Therefore, investors should closely monitor not only the price, but also external factors such as regulations, institutional adoption and global monetary policy decisions.
In short, preserving the 90K support is vital for Bitcoin's continued upward trajectory. Losing this level could signal the beginning of a more challenging cycle, requiring caution on the part of investors
Tomorrow we will know the result on January 10th!! #BullCyclePrediction $BTC
