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

ChainCatcher news, according to Bitcoinist, the price of Bitcoin has been fluctuating between $83,000 and $86,000 after several days of consolidation, with neither bulls nor bears able to fully take control of the situation. This indecision reflects the general uncertainty present in global financial markets.

Although the support level of $83,000 has been maintained, Bitcoin bulls have still not managed to reclaim the key moving averages that indicate a new wave of momentum. If this price level cannot be held, it may trigger a new round of selling; if bears regain control, it could push Bitcoin down to $80,000 (or even lower). $90,000 remains a crucial threshold that Bitcoin bulls must reclaim to reverse market sentiment, while the $81,000 area is the recent key bottom.