Bitcoin Faces Critical Support Test: Could Drop to $81,000 if $90,000 Fails to Hold

In a recent update from COINOTAG News, Bitcoin has reached an intraday low of $92,500, prompting analysts to closely monitor a critical support level at $90,000. Should this threshold give way, BTC could be poised for further declines. Burkan Beyli, co-founder of Biyond, highlighted the potential for Bitcoin to drop to $81,000 if it closes below $95,180 within the next week. This bearish outlook reflects a cautious sentiment as market participants await the upcoming Consumer Price Index (CPI) data, which may trigger increased short positions. Despite the negative sentiment looming in the near term, Beyli retains a bullish perspective for the long run, anticipating a correction in the DXY following changes in political leadership. As the crypto market navigates this volatility, traders are advised to maintain awareness of critical support levels and macroeconomic indicators that could influence price trends.