Analysis: $90,000 may be the key threshold to reverse BTC market sentiment in the near future

Odaily Planet Daily News: After several days of consolidation, neither the bulls nor the bears have been able to fully control the situation. The price of Bitcoin is currently fluctuating between $83,000 and $86,00. This indecision reflects the general uncertainty in global financial markets. Despite holding the $83,000 support level, Bitcoin bulls have not been able to recover the key moving average that indicates a new round of momentum. If this price level fails to hold, it may trigger a new round of selling; if the bears regain control of the situation, Bitcoin will be pushed down to $80,000 (or even lower). $90,000 is still the key threshold that Bitcoin bulls must recover. Only by breaking through this price level can market sentiment be reversed, and the $81,000 area is the key bottom in the near future. (Bitcoinist)