Key Bitcoin price levels to watch as’ downside risks’ rise
As Bitcoin (BTC) hovers below the $100,000 mark, a trading expert is cautioning that investors should anticipate a possible extended downturn for the maiden digital asset. To this end, as Bitcoin witnesses a shift in market sentiment and technical signals pointing toward further declines, the cryptocurrency’s inability to reclaim key resistance levels suggests BTC could touch $90,000, according to an Analysis by R. Linda shared in a TradingView post on February 8. In this line, the expert stated that after the leading digital currency failed to sustain momentum near its all-time high range, Bitcoin entered a local selling zone below $99,800. Technically, the asset’s price is now consolidating between $95,800 and $100,200, forming what appears to be a pre-breakdown pattern. Picks for you Why gold to $15,000 is 'entirely r...