The post Is Bitcoin Heading for a $90K Correction? appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. Bitcoin’s recent price fluctuations have left investors in a state of uncertainty, as the cryptocurrency has seen a dramatic decline from its peak of nearly $107,000 to around $94,550. This volatility raises essential questions about the ability of Bitcoin to maintain its rally and whether it can regain its footing in the coming weeks. Related Reading Critical Support Levels Under Threat CryptoQuant analyst Shayan has had something important to say about current conditions in Bitcoins. According to him, the price is trying to stabilize right above the value of $92,000 level, which he further says is a key support. He notes that Bitcoin is stabilizing near the $92,000 mark, which he identifies as a crucial support zone. If Bitcoin breaks below this level, it could trigger a wave of long liquidations and push prices down toward the 100-day moving average of $81,000. Also, this line has been performing as a real dynamic support by attracting buying inflows and can also cushion prices during further descent. Source: CryptoQuant Shayan underlines the role of market sentiment and technical indicators. At present, Bitcoin is fluctuating at significant support levels which are created in the $90K level and Fibonacci retracement levels at $87K and $82K. If the above-mentioned levels do not hold, there could be further selling pressure with corrections. Bitcoin Bullish Outlook Despite Bearish Fears Amidst this uncertainty, renowned cryptocurrency analyst Crypto Rover has expressed a bullish outlook for Bitcoin. He recently compared today’s price action with historical patterns, suggesting that January could see positive trends for Bitcoin. #Bitcoin history is exactly repeating. January will turn green. You’ll regret not buying more here. pic.twitter.com/DCssLNMGh6 — Crypto Rover (@rovercrc) January 8, 2025 In a tweet, he stated, “Bitcoin history is exactly repeating. January will turn green. You’ll…

---

Filed under: News - @ January 9, 2025 7:19 pm