BTC Price Prediction: Will it drop below $90,000 next?

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The daily chart shows that the price of Bitcoin is facing resistance at $99,332. This resistance is one of the reasons why the cryptocurrency has failed to rebound to $108,398. Affected by this resistance, the trend of Bitcoin's failed rebounds may continue in the short term.

Moreover, the relative strength index (RSI) has fallen below the 50.00 neutral point. This decline shows that the momentum around BTC has turned bearish. If this remains the case, the coin may fall to $85,851.

However, the trend may change if the bulls help BTC to break the $99,332 resistance level. In this case, the price of Bitcoin may approach $110,000.

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