Bitcoin Faces Major Risk Below $90,000, Warns Analyst
10.02.2025 16:00 1 min. read Alexander Stefanov SHARE: 0 SHARES A prominent crypto analyst is warning that Bitcoin (BTC) could face significant losses if it dips below the $90,000 mark. The analyst, known as Cheds, pointed out that Bitcoin is currently in a sideways movement, with clear resistance at $107,000 and support at $90,000. However, he emphasized that it’s crucial for Bitcoin to hold the $90,000 support level, as failing to do so could set the stage for a sharp decline. Cheds explained that if the $90,000 level breaks, the price could easily fall to the low $70,000 range. He expressed confidence that if support is lost, Bitcoin might quickly drop to $74,000, potentially even hitting $72,000. According to Cheds, there’s little chance for Bitcoin to stabilize at intermediate levels like $85,000 or $78,000 before reaching those lower levels. The analyst stressed the critical importance of the $90,000 price point, noting that its loss would significantly disrupt Bitcoin’s current upward momentum, triggering a more substantial downturn without any intermediate resistance. SHARE: 0 SHARES QR for the Bitcoin/Ethereum Address: QR for the Bitcoin/Ethereum Address: