TechFlow news, January 9 — According to Cointelegraph, Bitcoin dropped to an intraday low of $92,500, with analysts warning that if the $90,000 support level fails to hold, prices could continue declining in the short term.
Burkan Beyli, co-founder of Biyond, said in an interview: "If Bitcoin falls below $94,000, the next target would be $81,000 within five weeks. For this bearish scenario to materialize, Bitcoin needs to close below $95,180 next week. Bears may take action when CPI data is released. Overall, I am bearish on cryptocurrencies in the short term (within 4 to 5 weeks), but remain bullish in the long term, as I expect a correction in the DXY following Trump's inauguration."
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