Key Takeaways
- Bitcoin trades below $90,000 for the first time in months as bears dominate the market, aiming to push it lower.
- Crypto experts and traders hint at a potential market crash if BTC fails to defend its key liquidity zone at $85k.
- BTC’s price, trading toward $85k, has heightened market fear and uncertainty amid altcoins’ struggles.
The cryptocurrency market is buzzing again, but this time as a result of Bitcoin (BTC) seeing more market crashes to the downside as the price of the crypto asset trades below $90k for the first time in months, leading to many traders, investors, and retailers on edge as a result of market uncertainties.
The price of BTC crashing to a yearly low of around $85k is unimaginable, considering the crypto asset was trading in recent months at an all-time high of $126k, leading to speculation that the price could hit $200,000 before the end of 2025.
Crypto Experts Share their Views on Market
With the crypto asset’s price struggling to rebound from its previous support at $90k but trading at another key demand zone at $85,000, crypto experts and investors are optimistic of a bullish market rebound at this zone, as it could prevent further market crashes.
Crypto Titan has speculated that the price of Bitcoin is at its last line of defense; a break below the region of $86,000 could lead to more market crashes and altcoins suffering price decline if BTC bulls fail to defend this zone.
Additionally, Ali Martinez, a crypto expert on his X account, has hinted that BTC trades below its 50-day EMA and could decline further, as it has previously repeated this pattern.
Market Sentiment and Prediction for Bitcoin
Source – Bitcoin Daily RSI from X
According to data from TradingView, BTC’s Relative Strength Index (RSI) on the daily timeframe is at an all-time low in two years as price faces a test of time to flip bullish to the upside or continue to trade lower in the coming weeks.
The price of Bitcoin must hold above $85k in the coming days or face a bearish market crash, as altcoins could also see further decline if BTC traded below $80k.
FAQs
Bitcoin price today
BTC currently trades below $90k for the first time in months, following a recent market crash from a high of $116k to $85k.
How much is Solana today?
The price of SOL trades around $135 at the time of writing, as it aims to rally towards $188.
Is BTC expected to rise or fall?
The price of Bitcoin, attempting to rebound from its key support zone of $85k, if the price fails we could see bears continued to push its price lower.
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