The Bitcoin price extended its retreat after slipping below the $90,000 level, with BTC’s trajectory signaling renewed volatility in the crypto market. Traders cite waning momentum and a fragile risk backdrop as macro dynamics keep Bitcoin and BTC in a cautious, sideways range.
Placeholder VC partner Chris Burniske notes market top characteristics emerging and contemplates re-entry into Bitcoin at or below $75,000. He points to the October drop’s lasting impact on liquidity and the difficulty of generating immediate buying pressure.
BitMEX co-founder Arthur Hayes outlines a two-stage path: a dip to roughly $80,000–$85,000 followed by a potential surge to $200,000–$250,000 by year-end, contingent on a wider risk-off environment and Fed/Treasury liquidity dynamics.
Analyst Banmuxia cautions for a test of support near $94,500, then a complex sideways phase with a plausible bottom around $84,000. In this scenario, volatility may persist, with selective rebounds shaping a protracted Bitcoin price range.
Source: https://en.coinotag.com/breakingnews/bitcoin-dives-under-90k-as-analysts-see-bottom-in-the-low-80ks-and-a-potential-year-end-surge-to-200k-250k
