Analysis: The key threshold for reversing BTC market sentiment is currently $90,000, and neither bulls nor bears have full control of the situation

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PANews
04-20
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PANews news on April 20th, according to Bitcoinist, after several days of consolidation, neither bulls nor bears have fully controlled the market. Bitcoin is currently fluctuating between $83,000 and $86,000, which reflects the widespread uncertainty in global financial markets. Although maintaining support at $83,000, Bitcoin bulls have not yet recaptured the key moving average that would signal a new momentum. If this price level cannot be maintained, it may trigger a new round of selling; if bears regain control, they could push Bitcoin down to $80,000 (or even lower). $90,000 remains a critical threshold that bulls must reclaim to reverse market sentiment, while the $81,000 area is the key recent bottom.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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