coin-img-ETHETH-5.24%coin-img-BTCBTC-5.32%coin-img-SOLSOL-2.89%coin-img-UCNUCN+0.72%coin-img-XRPXRP-4.41%coin-img-USDCUSDC+0.04%coin-img-ASTERASTER+4.39%coin-img-DOGEDOGE-3.79%coin-img-ETHETH-5.24%coin-img-BTCBTC-5.32%coin-img-SOLSOL-2.89%coin-img-UCNUCN+0.72%coin-img-XRPXRP-4.41%coin-img-USDCUSDC+0.04%coin-img-ASTERASTER+4.39%coin-img-DOGEDOGE-3.79%coin-img-ETHETH-5.24%coin-img-BTCBTC-5.32%coin-img-SOLSOL-2.89%coin-img-UCNUCN+0.72%coin-img-XRPXRP-4.41%coin-img-USDCUSDC+0.04%coin-img-ASTERASTER+4.39%coin-img-DOGEDOGE-3.79%coin-img-ETHETH-5.24%coin-img-BTCBTC-5.32%coin-img-SOLSOL-2.89%coin-img-UCNUCN+0.72%coin-img-XRPXRP-4.41%coin-img-USDCUSDC+0.04%coin-img-ASTERASTER+4.39%coin-img-DOGEDOGE-3.79%

Bitcoin Falls Below $90,000 for First Time in Seven Months; Analysts See Floor Between $70,000–$85,000

Bitcoin dropped below $90,000 on Nov. 18 for the first time in seven months, falling 5.9% intraday and more than 28.7% from its cycle high, BlockBeats reports. Placeholder VC partner Chris Burniske said bull-market top characteristics have emerged and plans to re-enter when BTC retraces to $75,000 or lower. BitMEX co-founder Arthur Hayes projected in his blog post "Snow Forecast" that Bitcoin may probe $80,000–$85,000 before potentially reaching $200,000–$250,000 by year-end if broader risk markets collapse and monetary stimulus accelerates. Chinese analyst Ban Mu Xia forecasted a complex consolidation with an ultimate floor near $84,000, while economist Hong Hao suggested meaningful support may only appear around $70,000.
Selected
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.