Bitcoin’s price currently sits at 94,598 USD, having fallen below the psychologically significant 95,000 USD mark. There are increasing bearish signals, with projections suggesting it could drop to 90,000 USD or even lower.
Technical indicators show a developing “death cross” on Bitcoin’s MACD, with a negative funding rate supporting a bearish outlook. The put-to-call ratio indicates that more investors are betting against Bitcoin’s price.
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