Money and business

Bitcoin price faces a sharp collapse and the upcoming support below the level of 90 thousand dollars

The digital currency market is exposed to a noticeable decline, and although the Bitcoin price has been for a long time above the 100,000 -dollar barrier, this vital level has not survived, and the landing may continue to levels much lower, according to analysts.

Detitable expectations … real support at 88,888 dollars

In an analytical publication on the tradingview platform, well -known analyst Master Ananda explained that Bitcoin shows strong artistic indicators, and although the level of 100 thousand dollars has continued during the past week, indicating the continuation of some purchases, the current momentum is not enough to support the price at this level.

According to Ananda, the market has witnessed in recent days the liquidation of centers with more than one billion dollars, which increased the state of general weakness, and made the bears (sellers) control the scene again, and in particular the weekly chart showing disturbing signals that warn of continuous decline.

The last drop began after Bitcoin reached its historical peak at $ 111,900 on May 19, 2025, and since then the price is in a clear descending path, and the analyst confirmed that the market appears “very bad” at the present time.

Looking at the current trend, the first major support level for the bitcoin cohesion in which it is 88,888 dollars, and if the price fails to maintain this level, the decrease may extend by another 5% to reach 82,500 dollars before buyers appear again to try to stop the bleeding.

The ascension scenario .. Is there hope for survival above 100 thousand?

Despite the clear descending trend, there is still a possibility, even if it is weak because Bitcoin succeeds in restoring the level of 100 thousand dollars and installing the price above, and if this scenario is achieved, the market is likely to regain the tone of climbingly.

According to Ananda, any successful bounce may push the price to test the upper trend line at the level of 108,000 dollars, and the analyst expects that the Bitcoin path will be determined permanently within two weeks as a maximum, indicating that what is currently happening from fluctuations should not cause panic because the cryptocurrency in his view “will eventually go up”, stressing that the Cripto market will continue to grow in the long run though Temporary obstacles.

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