Crypto Analyst Warns of Bitcoin’s Potential Decline Below $90,000 – BitRss

Recent developments in the markets have prompted an experienced crypto analyst to express concerns about Bitcoin’s fundamentals, despite its recent recovery. During a strategy session, the analyst shared views suggesting that BTC ($95,944.08) could face further declines in the short term. The volatility observed in the market has been highlighted, indicating that investors should remain vigilant.

Bitcoin Price Projections

According to analyses, there is a possibility that Bitcoin’s current recovery could lead to a price drop between $88,000 and $90,000. Investors are advised to closely monitor the situation, as fluctuations at this price level could create uncertainty within the market.

Crypto Capo: “Despite a strong recovery, fundamental weaknesses persist. After a second decline, BTC’s target price could be around $88,000-$90,000. Some altcoins are expected to lose value by 10-30%.”

Altcoin and Meme Assets

The strategy session also indicated that altcoins could be negatively impacted alongside Bitcoin $