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Bitcoin recently dipped below the $90,000 mark for the first time since November, registering a daily loss of nearly 5%. This drop has triggered a wave of liquidations, with over $500 million in long positions being wiped out, according to CoinGlass. The factors behind this pullback include market uncertainty, rising US dollar strength, and the looming inauguration of President-elect Trump. Even traditional markets like the S&P 500 and Nasdaq have started the day in the red.
Bearish Targets Resurface 📉
Some analysts are eyeing $69K as a possible price floor, given that this level corresponds to Bitcoin’s 2021 all-time high. Keith Alan from Material Indicators highlighted the strong support at $86K but also noted that $69K could be the real test for Bitcoin, as it represents a key resistance-to-support flip level. Legendary trader Peter Brandt also mentioned the potential for a head-and-shoulders pattern, warning that Bitcoin could face further price struggles.
Optimism Still Lingers 💫
However, not all signals are pointing downward. Despite the bearish sentiment, there are still glimmers of hope. Funding rates are at their lowest since August, suggesting that the bulls might be gearing up for a comeback. Trader Daan Crypto Trades also noted eerie similarities between Bitcoin's current price movement and its behavior in January 2024, raising the possibility of a market rebound.
Can Bitcoin Maintain Its Role as an Inflation Hedge? 🛡️
Meanwhile, inflation data is becoming a crucial factor in Bitcoin’s future performance. Crypto firm QCP Capital is closely monitoring US inflation reports. With stronger-than-expected NFP numbers (256K vs. 164K forecasted), the Federal Reserve is likely to keep interest rates higher for an extended period. This creates additional pressure on Bitcoin: will it prove itself as an effective hedge against inflation, or will broader macroeconomic trends drag it down?
What’s Next for BTC? 🚀
As Bitcoin struggles to hold above the $86K level, the question remains: will it bounce back, or are we heading toward the $69K danger zone? The next few weeks are critical, and investors will need to keep an eye on market trends, funding rates, and the broader economic landscape to determine Bitcoin’s trajectory in 2025.
#Bitcoin #CryptoAnalysis #InflationHedge #MarketTrends

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Are you Team Green 🌱 or Team Red 🔥? Drop your predictions below! 👇$BTC

For the first time since November, Bitcoin has slipped under $90,000, with a daily loss of nearly 5%. 😱 Over $500 million in crypto long positions were liquidated, according to CoinGlass.
What’s driving the drop? A combo of market jitters and a surging US dollar ahead of President-elect Trump’s inauguration. Even traditional markets felt the heat, with the S&P 500 and Nasdaq opening in the red. 🔴

Bearish Targets Are Back in Play 🐻
Some analysts are pointing to $69K—the old 2021 all-time high—as a possible bottom.
Keith Alan of Material Indicators noted:
“Strong support exists at $86K, but the real test could come at $69K, the previous R/S Flip line.”
Meanwhile, legendary trader Peter Brandt warned of a potential head-and-shoulders pattern, hinting that BTC could be in for more pain. 💔

Optimism Isn’t Dead Yet 🕊️

Despite the bearish vibes, not everyone’s panicking. 🚀
• Funding rates are the lowest since August, suggesting potential relief for the bulls.
• Trader Daan Crypto Trades even spotted eerie similarities between $BTC current price action and January 2024. Are we in a déjà vu market moment? 🤔

Is Bitcoin Still an Inflation Hedge? 🛡️
Crypto firm QCP Capital is watching US inflation data closely. 🔍 With scorching NFP numbers (256K vs. 164K expected), the Federal Reserve is likely to keep interest rates “higher for longer.”
This raises the stakes for Bitcoin:
Can it prove its worth as an inflation hedge, or will macro pressures crush the rally? 🌪️

What’s Next for BTC? 🚦
Will Bitcoin hold above $86K? Or are we headed for the $69K danger zone? Keep your eyes on the charts, funding rates, and macro data—this could be the make-or-break moment for crypto’s narrative in 2025. 🕰️

#teamgreen #teamred #bitcoin69k #DollarRally110 #10DaysToTrump