$BTC
Bitcoin has slipped below the US $90,000 level for the first time in around seven months, erasing its 2025 gains and marking nearly a 30 % drop from its October peak above ~$126,000.
The price recently pulled back from near ~$105,000, finding temporary footing around ~$101,000-102,000, though trading volumes have thinned significantly—indicating weaker conviction among buyers.
From a technical standpoint, analysts from JPMorgan Chase & Co. see the production cost of Bitcoin (~$94,000) as a possible floor, suggesting limited downside from current levels if that support holds. They also maintain a medium-term upside target of around ~$170,000 for BTC over the next 6-12 months.
On the flip side, warnings are increasing: Bitcoin is approaching a “death cross” (50-day moving average crossing below the 200-day), which historically signals increased risk of deeper corrections, potentially toward the ~$74,000 zone if key support fails.
In short: Bitcoin is at a critical juncture—the bulls are standing guard near the ~$90,000-$100,000 region, but must show renewed strength or volume to avoid further downside. If confidence remains weak, downside risks are real; if a catalyst emerges, the upside case could reignite.
Would you like me to pull up a detailed chart with indicators (MACD, RSI) and key support/resistance zones for BTC to help with decision-making?
#BTC #BTC90kBreakingPoint #USStocksForecast2026 #StrategyBTCPurchase #MarketPullback