$BTC

🚨🚨Bitcoin (BTC) Technical Analysis: Outlook for a Drop to $90,000 and Impact of Inflation Figures

Bitcoin (BTC) could see a drop towards $90,000, due to bearish technical signals and the potential impact of inflation figures.

Key Takeaways:

* Technical Analysis: Several technical indicators suggest a possible drop in Bitcoin towards $90,000, such as the breakout of key supports, the formation of bearish chart patterns, and bearish divergences.

* Impact of Inflation: If inflation is higher than expected, it could prompt the US Federal Reserve (Fed) to raise interest rates more aggressively, which could make risky assets, such as Bitcoin, less attractive.

* Selling Strategies: Investors and traders should be cautious and consider appropriate selling strategies to manage risks, such as short selling, stop loss orders, and hedging.

* Disclaimers: Technical analysis is not an exact science and price predictions are subject to errors. It is essential to consider other factors, such as fundamental analysis and market news, before making any investment decisions.

In summary, Bitcoin (BTC) could see a decline towards $90,000, due to bearish technical signals and the potential impact of inflation figures. Investors and traders should be cautious and consider appropriate selling strategies to manage risks.

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