Bitcoin (BTC) drops below $90,000, with analysts predicting possible support at $88,000.

From Investing.com

January 13, 2025 2:00:19 pm:

Bitcoin (BTC) plunges below $90,000, shedding $118 billion in 12 hours. Analysts predict a possible “floor” at $88,000 but do not expect a further drop due to short-term holders’ profits.

Selling pressure and declining Bitcoin ETF flows contribute to the current market decline. Short-term holders remain unfazed by the drop, with $88,000 seen as a critical level to watch.

Bitcoin (BTC) sees $700 million in liquidations during the worst sell-off in three weeks. Bulls and bears both experience pain as Bitcoin drops to $89,500 before recovering to $92,500.

Read more at Investing.com: Bitcoin (BTC) Below $90,000, Here’s Next Major Level By U.Today