BlockBeats News, January 8th, Cryptocurrency analyst Lennaert Snyder stated that the BTC price has dropped to around $91,000, and also broke below the $92,155 support level on the 4-hour chart, confirming the downtrend. The analyst himself stated that he is looking for a shorting opportunity, with the ultimate target price around $87,600 (setting two take-profit points during the process of reaching the low).Furthermore, there is support around $90,500 for the BTC price. If there is a strong rebound and reversal near this level, short positions will be closed out. If BTC successfully breaks above around $96,500, the stance will shift to bullish.

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