According to CoinDesk, Bitcoin fell below $90,000 on Sunday, with investors showing limited risk appetite ahead of next week's key economic data releases and central bank meetings. Some analysts warned that if key technical levels are breached, Bitcoin's consolidation could turn into a downtrend. Crypto analyst Ali Martinez stated earlier on Sunday on the X platform that $86,000 remains a crucial level that Bitcoin must hold; a break below this support level could lead to a deeper correction. Currently, the crypto market remains range-bound with low trading volume and limited investor confidence. Investors are awaiting upcoming US macroeconomic data and central bank policy decisions for clearer directional signals.
Analysts say Bitcoin's key support level is at $86,000; a break below this level could trigger a deeper correction.
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