Very low!
💰 Bitcoin below $90,000: analysts expect a bottom this week
Bitcoin fell below $90,000 for the first time in seven months, about 28% below the all-time high of October — but part of the market is not talking about capitulation, but rather a 'generational opportunity' for long-term investors.
➡️ What happened
🟡 Bitcoin temporarily fell below $90,000, returning to April levels
🟡 Since October, the market has been suffering from sales, liquidations, and uncertainty about the Fed
🟡 The drop has reignited debates about a local bottom
➡️ Market pressure
🟡 Outflows from Bitcoin ETFs pressure the price
🟡 Large holders are taking profits
🟡 Geopolitical risks and uncertainty about interest rates lead investors to reduce risk
➡️ What BitMine and Bitwise say
🟡 Tom Lee (BitMine) states that the 'exhaustion of sellers' is already visible
🟡 Matt Hougan (Bitwise) calls the current levels 'present' and 'generational opportunity'
🟡 They believe that Bitcoin will be the first asset to find a bottom and pull the risk market
➡️ Outlook until the end of the year
🟡 Bitcoin is ~28% below the ATH of $126,000
🟡 Lee predicts a new all-time high by the end of the year
🟡 Key factors: Fed, interest rates, and institutional sentiment
Conclusion: The zone below $90,000 might be an entry point for those thinking long-term — but volatility remains high and the market continues to react to the Fed and geopolitics.
#BTC90kBreakingPoint #BinancehodlerSOMI #Binanceholdermmt
By: JessiaCrypto