3 hours ago
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Bitcoin’s price took a heavy hit, breaking below the key resistance of $92,000 and crashing all the way down to $85,000. This sudden drop shook the market, triggering panic among traders. However, Bitcoin has since managed a slight recovery, currently trading around $87,500.
BTC/USDT 1-day chart - Bitget
The big question now is: Is this just a temporary dip, or are we about to see another major crash?
Bitcoin Price Prediction – What’s Next?
Bitcoin is currently hovering between support and resistance levels, leaving traders uncertain about the next move. Here are the two key scenarios:
Scenario 1: Bitcoin Recovery to $100K
- If Bitcoin manages to push back above $90,000 - $92,000, we could see bullish momentum returning.
- A breakout above this range would likely send Bitcoin back toward the psychological level of $100,000, reviving optimism in the market.
Scenario 2: Further Crash to $80K - $76K
- If Bitcoin fails to reclaim $92K and faces rejection, another strong wave of selling could occur.
- This could lead to a retest of $80,000, with further downside to $76,000 if panic selling continues.
BTC/USDT 1-day chart - Bitget
Bitcoin Price Prediction: Will Bitcoin Drop to $50,000?
While a drop to $50,000 isn’t immediately expected, a prolonged downtrend could push Bitcoin into a deeper bear phase. This would require a major shift in market sentiment, stronger selling pressure, or macroeconomic factors like increased regulations or tighter financial policies from central banks.
For now, Bitcoin traders should watch the $90,000 - $92,000 range closely. A breakout or rejection from this zone will determine the next major move! 🚀🔻
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