Jun 23, 2025
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Bitcoin Price Support Falls Below $90,000 Amid Market Decline
The Bitcoin price has fallen due to escalating tensions between Iran and Israel, negatively impacting financial markets, including cryptocurrencies. The price previously held above $100,000 but has now breached this support level.
Analyst Predicts Further Decline Below $90,000
Crypto analyst Master Ananda indicates bearish trends for Bitcoin. Key points include:
- $100,000 support has weakened, indicating a lack of buying strength.
- Over $1 billion in liquidations last week contributed to market weakness.
- Bitcoin's price has consistently declined since peaking at $111,900 on May 19, 2025.
- New support levels are projected at $88,888 and potentially $82,500 if further declines occur.
Potential Outcomes If Bitcoin Stays Above $100,000
If Bitcoin can maintain its position above $100,000, a bullish trend may emerge. Key considerations include:
- A recovery could lead to retesting the upper trendline around $108,000.
- The timeframe for determining market direction is estimated to be within two weeks.
