The post Bitcoin Price May Drop To $90K But Experts Stay Bullish, Here’s Why? appeared on BitcoinEthereumNews.com.

Bitcoin price has continued to stay in the red today, hovering around the $96K mark following a short-term pump after the US job data gave some relief yesterday. Notably, the latest US job data indicates a cooling labor market, which could give more space to the Federal Reserve to move with their rate cut plans. However, amid this, top experts predict a potential BTC dip to $90k, while maintaining their bullish outlook on the long-term trajectory of the coin. Bitcoin Price Likely To Hit $90K Before Targeting New ATH Bitcoin price has hovered between $90K and $100K for some time as macroeconomic woes and other concerns have dampened market sentiments. Amid this, top market experts anticipate further BTC decline, which would give more buying opportunities for investors. In other words, despite the short-term woes, analysts remained bullish on the long-term trajectory of the coin. For context, in a recent X post, top crypto analyst Michael van de Poppe identified $90,000 as an ideal buying zone for Bitcoin. According to his recent market analysis, BTC is currently in a “place of boredom,” with price movement stagnating. He believes that a dip to the lower boundary could be a prime entry opportunity for investors. In addition, his analysis highlights $104K as a crucial resistance level. If Bitcoin breaks past this barrier, it could signal the start of a rally toward a new all-time high. “Test the highs again = likely new ATH on the horizon.” van de Poppe explained. Source: Michael van de Poppe, X Echoing similar sentiments, market expert Ali Martinez pointed out that historically, the best buying opportunities for Bitcoin occur when traders face a 12% loss. At present, traders are still in profit by 0.21%, suggesting that BTC might still have room to drop before a significant uptrend. Source:…

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Filed under: News - @ February 8, 2025 6:19 pm