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Will Bitcoin Keep Falling? What You Need to Know as Prices Plunge Toward $90,000.

$BTC #Bitcoin #CryptoMarkets #FinancialNews #MarketCrash #Investing #DigitalCurrency #CryptoAnalysis #BearMarket

The Bitcoin price crash seems far from over as geopolitical tensions between Iran and Israel escalate, casting a shadow over global financial markets, including cryptocurrencies. Notably, Bitcoin, which had been comfortably perched above the $100,000 mark, has plunged, indicating that its major support now lies well below at $90,000.

In a recent analysis on TradingView, crypto analyst Master Ananda pointed out the stark bearish patterns forming around Bitcoin’s pricing strategy. Despite the digital currency maintaining the $100,000 support level over the past week—a sign that some investors were still buying—the overall market strength appears insufficient to sustain this benchmark. This shift comes amid a tumultuous period where the market saw over $1 billion in liquidations, exacerbating the downward pressure and empowering bears to dominate the scene.

Master Ananda further noted that the weekly charts are particularly alarming, showing no positive signals that could indicate a near-term recovery. The ongoing price action is merely an extension of the bearish trend that began after Bitcoin’s peak at $111,900 on May 19, 2025. Since then, the cryptocurrency has been on a consistent downward trajectory.

The critical support level for Bitcoin now hovers around $88,888, a significant drop from previous figures. If Bitcoin fails to maintain this level, it could see an additional 5% decrease, potentially falling to $82,500 unless the bulls rally to resist further declines.

However, if Bitcoin manages to climb back above $100,000 and sustain it, the outlook could turn bullish once more. Master Ananda suggests that in such a scenario, Bitcoin could swiftly ascend to retest the upper trendline, which is currently just above $108,000.

For those closely watching the market dynamics, the unfolding events could resolve within a fortnight, determining whether Bitcoin will continue its descent or rebound. Master Ananda advises traders not to panic amidst market volatility: “Bitcoin is going up; Crypto will grow, regardless of the short-term shakes.”

As the situation develops, investors and enthusiasts alike should keep a keen eye on market indicators and geopolitical news that may influence further fluctuations in the crypto sphere.

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