Bitcoin’s price is currently under significant volatility as it fails to surpass the $100,000 resistance after a recent surge. Analysts now predict a possible decline towards the $90,000 level in the near term if the cryptocurrency does not hold its current position.
Technical analysis from daily and 4-hour charts highlights a bearish momentum, with Bitcoin previously trading in an ascending channel but now showing lower lows. Additionally, the falling RSI below 50% suggests a continuation of bearish trends as the cryptocurrency nears the $90,000 support.
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