Bitcoin (BTC) is bound to break below $90,000; this is not only an inevitable choice of the market but also the 'faith' that investors flock to. Against the backdrop of current global economic turmoil and rising inflation, Bitcoin, as a decentralized digital currency, is gradually becoming an important choice for investors to hedge and appreciate—of course, the premise is that it can hold the 'iron bottom' of $90,000.
From a technical analysis perspective, the price of Bitcoin is approaching its historical highs, and market participants are generally focused on whether it will break through the key resistance level of $90,000. From the candlestick chart and moving average system, Bitcoin is currently in an upward channel, the MACD indicator shows strong bullish momentum, and the RSI indicator has not shown overbought signals. The support level is around $85,000, and the resistance levels are at $90,000 and $95,000. Based on the above analysis, the likelihood of Bitcoin breaking through $90,000 is high. However, there is still a certain degree of uncertainty in the market, and investors should closely monitor market dynamics and make rational decisions based on their own risk tolerance.
In short, the price of Bitcoin is bound to break below $90,000; this is not only an inevitable choice of the market but also the 'faith' that investors flock to.
