#bitcoin Price Forecast: $BTC

edges below $90,000, ending its long streak of consolidation

#bitcoin ($BTC ) continues to trade in red, reaching a low of $88,200 during Tuesday's early European trading session and hitting the lowest level since mid-November after falling 4.89% the previous day. This price pullback triggered a wave of liquidation in the crypto market, totaling $1.34 billion, with 367,500 traders wiped out in the past 24 hours. Moreover, after its recent compromise, Bybit loses around $2 billion in $BTC from reserves.