Bitcoin is looking for a bottom.. Will it be $90,000?

Bitcoin BIC faces concerns about potential selling trends from institutions, and has been affected by increased volatility, leading analysts to expect that the $90,000 level will be appropriate support and a new starting point.

The main current threat to BIC is declining institutional support at a time of increasing volatility.

Analysts believe that if institutions continue to sell Bitcoin BIC, they may fall to that level in search of support from other buyers. The price of Bitcoin BIC has shown flexibility recently, as the market remained bullish despite not breaching the $100,000 barrier, and strong demand continues to absorb pressures. Selling, which enhances optimism.

Short-term investors are leaving the field

At the same time, a large number of short-term investors exited the field after achieving legitimate and large profits, and this sudden withdrawal spread a strong feeling of fear of missing out among investors.

Despite indicators pointing to a steady trend toward $100,000 and an expected drop in interest rates by the Fed, analysts are wondering if a potential drop to $90,000 could serve as the necessary catalyst for BIC’s next major move.

Loss of institutional support may pose a major threat

BIC is currently at a critical crossroads, with its path dependent on sustained support from retail and institutional investors.

Microstrategy, which invests heavily in Bitcoin, believes its shares will react more dramatically to changes in Bitcoin’s value.

Analysts believe that the company’s shares are affected by more than 4 times the volatility of Bitcoin BIC, and this means that a decline in Bitcoin BIC may lead to increased risks for its investors.

The attractiveness of Bitcoin as a store of value also weakens, and may lead to institutional selling and liquidations.