The post CZ Scoffs at Bitcoin “Crash” Talk as BTC Slides Under $90K appeared on BitcoinEthereumNews.com.

Bitcoin drops below $90K, hitting its lowest level since November   Analysts see no confirmed bottom, with key support between $82K-$85K   Tariff concerns and Bybit’s $1.5B hack fuel market uncertainty Bitcoin slipped below $90,000 on Tuesday, continuing its steep slide since November. This drop happened during macroeconomic fears and a big exchange hack made investors nervous.   Investor mood really soured because of U.S. tariff worries and a $1.5 billion hack on Bybit. The top cryptocurrency is now down 3% today.  CZ’s Witty Take on Bitcoin’s Dip As analysts warn of more turbulence ahead, former Binance CEO CZ weighed in, joking about future headlines lamenting a Bitcoin “crash” from $1,001,000 to $985,000. He argued that as Bitcoin’s market cap grows, volatility will gradually decrease, making even a 2% dip newsworthy.   Waiting for the new headline: #Bitcoin “CRASHES” from $1,001,000 to $985,000. Save the tweet. https://t.co/gLWGtUvYoJ — CZ 🔶 BNB (@cz_binance) February 25, 2025 Technical analysts are still worried, suggesting prices might go even lower before they bounce back. “We don’t see any solid bottom yet,” one expert said. “Bitcoin still needs to break above any resistance, and the price pattern suggests prices could fall further. There’s strong support around $82,000 to $85,000, but we might see another low before a real rebound.”  Related: Bitcoin Cracks Below $90,000: Market Tremors and Trader Losses Mount Sentiment Says “Buy”? Bitcoin’s Wild Ride Continues Even though Bitcoin’s sudden drop looks bad, analysts highlight a crucial development—the Cryptoasset Sentiment Index (CSI) has plunged to extreme bearish levels.  Historically, when negative sentiment gets this strong, it’s often marked local bottoms for Bitcoin. This suggests the risk of further drops might be pretty low.  Widespread bearishness across flows, on-chain activity, and derivatives data makes a stronger case for a possible price bounce. Market analysts suggest Bitcoin could find solid…

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Filed under: News - @ February 26, 2025 9:23 am