Bitcoin Falls Below $90,000 Amidst Market Volatility

The Bitcoin price has experienced fluctuations over the past week, with both bulls and bears struggling for control. Recently, the price dipped below the key $90,000 level from a previous high of $94,000, raising investor concerns about whether this is a temporary setback or the end of a recovery phase.

Potential Local Low at $80,500

Alphractal CEO suggests that losing the $89,800 level is significant in the current downturn.
If the price fails to hold key levels, it may enter a sideways phase with no substantial movement.
A drop below $86,500 could result in a new local low around $80,500.

This potential low might create an opportunity for investors to buy at a dip.

Bitcoin Price Overview

Bitcoin's price ranged from a low of $84,600 to a high of $94,000 over the last week.
As of now, Bitcoin stands at approximately $89,415, showing a decline of over 3% in 24 hours.
Yearly data indicates a nearly 10% decrease in Bitcoin's value.

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