#$BTC recently dropped below $90,000, a significant pullback from its October peak above $126,000. Reuters+2MarketWatch
The reversal reflects growing investor caution, especially around macro concerns like interest rate uncertainty. Reuters+1
Some of the decline has been linked to selling by long-term holders, which is more worrying than usual outflows. MarketWatch
Key support today sits roughly in the $104K–$106K zone according to many analysts. BTCC
On the upside, resistance is seen in the $120K–$125K range. aiTrendview+1
Technical models point to a potential “double bottom” forming near $106K–$108K, but a clear breakout would require closing above the $119K–$120K zone. aiTrendview
The Relative Strength Index (RSI) is currently showing near-oversold conditions, suggesting there could be room for a bounce. trakinvest.ai -
Exchange reserves are continuing to decline — more BTC is being taken off exchanges, which historically signals accumulation. trakinvest.ai -+1
Meanwhile, institutional adoption remains strong: ETF flows and large custodian holdings are contributing to a more durable demand base. Samara Chronicle+2BTCC+2
On the mining side, efficiency is improving. Newer-generation miners are reducing costs, which may help sustain miner profitability. Foreign Affairs Forum
A dovish outlook for the U.S. Federal Reserve (possible rate cuts) could be a tailwind for Bitcoin, pushing it higher if liquidity improves. aiTrendview+1
But sentiment is fragile: fear is rising among investors. According to one analyst, Bitcoin is in a mid-cycle consolidation, not necessarily in a new bull run yet. aiTrendview
ScenarioWhat Might HappenBullishIf BTC holds above $106K and breaks >$120K, we could see a push back toward $125K+ (or more, depending on ETF inflows and macro liquidity). Coin Edition+1BearishFailure to hold $104K–$106K support could trigger further decline, possibly toward $90K or even lower if long-term holders keep selling. Reuters+1
#BTC90kBreakingPoint #TrumpBitcoinEmpire
