TechFlow news, January 9 — Glassnode co-founder Negentropic published an analysis indicating that Bitcoin's price momentum has turned bearish and is currently testing the support level at $92,500. Affected by negative sentiment surrounding potential U.S. government sales of its 198,000 held Bitcoin, prices may fall below current levels and retrace toward $90,000.
Historically, a bearish reversal following a prolonged uptrend typically signals a pullback to lower support levels. Investors should monitor the $90,000 zone as a key price area.
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