Bitcoin Hovers Near $90,000 as Analysts Weigh -32% Drawdown and $70,000 Risk

Bitcoin is holding near $90,000 as analysts frame the market between a mid‑cycle correction and the risk of a deeper downturn. Axel Adler Junior cites a -32% drawdown, moderate unrealised losses around 12%, and key thresholds at -35% and -40%. Ali Martinez flags a bearish pattern with a potential target close to $70,000.