#btc $BTC

Currently, the price of Bitcoin (BTC) is approximately $96,130 USD.

Recently, Bitcoin has experienced a downward trend, with its price briefly falling below $95,000 USD due to inflation concerns and expectations of tighter monetary policies from the Federal Reserve.

Analysts from BCA Research, who have been optimistic about Bitcoin for the past two years, now suggest that the market may be reaching a peak. They point to signals such as the proliferation of memecoins and an excessively bullish sentiment, indicating a potential correction. They suggest that a more attractive price level to buy could be around $75,000 USD.

Additionally, recent technical analysis indicates that Bitcoin is approaching a critical support zone around $90,000 USD. Loss of confidence in the market has contributed to this downward trajectory.

In summary, while it is difficult to predict exactly how far the price of Bitcoin could fall, some analysts suggest that levels like $90,000 USD or even $75,000 USD could be possible support points in a bearish trend.