Bitcoin's price has been dropping, and traders expect it to fall below $90,000 soon. After reaching $99,500 over the weekend, sellers pushed the price down to about $94,000, marking a 15% decline from last week’s record high.
Analysts predict further drops, with some suggesting that $85,000–$86,000 could be a strong support level for buyers to act. Others believe Bitcoin might revisit $90,000, a key psychological level, before recovering. Some traders are even preparing for prices to dip below $90,000 this week.
The overall market outlook remains uncertain, with little help from traditional financial markets. Concerns about the Federal Reserve’s policy and the global economy are also weighing on Bitcoin. There’s little hope for interest rate cuts soon, which could further impact liquidity and crypto performance.