Analysis: $90,000 Might Be the Key Threshold for Reversing BTC Market Sentiment

After several days of price consolidation, Bitcoin has seen both bulls and bears failing to take control, with the price fluctuating between $83,000 and $86,000. This indecision reflects the widespread uncertainty in global financial markets. Although the $83,000 support level is holding, the Bitcoin bulls have yet to reclaim key moving averages that would signal a new wave of momentum. Failing to maintain this price level could trigger another round of selling; if the bears regain control, Bitcoin could be pushed down to $80,000 (or even lower). The $90,000 mark remains the critical threshold that Bitcoin bulls must recover to reverse the market sentiment, while the $81,000 area serves as a key recent bottom. (Bitcoinist)