Bitcoin Price Defends Support As Traders Question Next Upside Push
Bitcoin price started a fresh decline below $89,500. BTC is consolidating losses and might attempt a recovery wave if it clears $92,000.
Bitcoin’s price has fallen more than 22% from its all-time high of over $109,000, recorded on January 20, the day of US President Donald Trump’s inauguration. The sharp decline has sparked concerns among investors, with several key technical indicators signaling bearish momentum.The downturn comes as new liquidity inflows slow, which has prompted speculation that the latest bull cycle may be coming to an end.
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