Bitcoin Faces Volatility Risk If Price Drops Below $93,400

Bitcoin (BTC) has experienced increased volatility, initially influenced by proposed trade tariffs and later worsened by the latest Consumer Price Index (CPI) data. BTC fell to approximately $94,000 but has seen some recovery. Analyst Ali Martinez highlighted the importance of a critical price level for Bitcoin to avoid significant corrections.

Key Insights from Analysts

Martinez's Pi Cycle Top Indicator indicates that BTC may face steep corrections if it drops below the 111-day moving average, currently around $93,400.
Merlijn The Trader noted the formation of a bullish diamond pattern in BTC, which could lead to new all-time highs above $120,000.
Daan Crypto Trades observed potential liquidity above current levels, suggesting a possible upward movement if BTC reverses its local downtrend.
Daan also warned that falling below $90,000 could place BTC in a “danger zone,” risking larger sell-offs.

Currently, BTC is trading at $95,324, a 1% decrease over the past 24 hours. Some market participants are cautious about a potential drop to $80,000 amid intensifying selling pressure.