Analysis: $90,000 may be the key threshold to reverse BTC market sentiment in the near future

Odaily News After several days of consolidation, neither bulls nor bears have been able to fully control the situation. The price of Bitcoin is currently fluctuating between $83,000 and $86,00. This indecision reflects the uncertainty that is prevalent in global financial markets. Despite holding the $83,000 support level, Bitcoin bulls have not been able to regain the key moving average that indicates a new round of momentum. If this price level fails to hold, it may trigger a new round of selling; if the bears regain control of the situation, it will push Bitcoin down to $80,000 (or even lower). $90,000 is still the key threshold that Bitcoin bulls must regain. Breaking through this price level can reverse market sentiment, and the $81,000 area is the key bottom in the near term. (Bitcoinist)