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Bitcoin Price Drops Below $90,000 Raising Bear Market Concerns
The Bitcoin price has dropped below the $90,000 support level, trading at approximately $87,370. This represents a 30% decline from its all-time high of over $126,000.
Fractal Patterns Resurface
- On December 24, 2021, Bitcoin was valued at around $51,700 and fell to $34,000 by January 24, 2022, marking a 34% drop within a month.
- An expert applies a fractal model from this previous sell-off to current market dynamics, suggesting a potential move toward the $70,000 mark.
- This analysis indicates a possible additional 20% decline if the pattern repeats.
The outlook remains uncertain, with analysts divided on whether Bitcoin will recover above key levels or enter an extended bear market into early 2026.
Expert Predicts ‘Bitcoin Supercycle’ Ahead
- CryptoKaleo draws parallels to the fall of 2020, where Bitcoin lost critical support but eventually rebounded.
- He suggests that instead of following the typical four-year cycle, Bitcoin may witness a "supercycle" by 2026, leading to new all-time highs.
- This supercycle could feature prolonged upward trends, robust altcoin seasons, and renewed retail interest in cryptocurrencies.
