Based on technical analysis, it is still possible for BTC to reach $90,000, but there are several factors to consider:
Bearish Signals Toward $90,000:
Prolonged Sideways Movement
BTC has been consolidating around the $95,000 level. If the strong support at $93,600 breaks, it could trigger a deeper drop.
Decreasing Volume + Weak MACD
Volume is currently declining, and the MACD is below the zero line—this indicates weakening momentum and a possible correction.
Key Support Levels
If BTC breaks below $93,600, the next target zone is likely around $92,000 – $90,800.
However, for BTC to hit $90,000:
A strong bearish catalyst is needed, such as negative economic data, poor market sentiment, or global market pressure.
At the moment, there’s no clear breakdown, but if BTC fails to break above $95,000 and instead drops below $93,000, the chance of hitting $90,000 increases significantly.
Conclusion:
BTC may reach $90,000 if the $93,000–$93,600 support breaks with strong selling volume. As long as the price holds above that area, the drop is not yet confirmed.
