Bitcoin’s price has failed to continue its upward momentum, since dropping below the $100K resistance level. This has led to a lot of uncertainty surrounding the future price action. The market was initially making higher highs and lows inside an ascending channel. Yet, it has since broken the pattern to the downside and retested it twice. With the RSI also showing values below 50%, indicating bearish momentum, the market is likely to drop toward the $90K level before a potential bullish reaction.
Source: CryptoVizArt, 2024-12-31; https://cryptopotato.com/is-bitcoin-about-the-crash-below-90000-soon-bitcoin-price-analysis/