Analyst: Bitcoin’s drop below $90,000 could mean new opportunities for traders

Alex Kuptsikevich, chief market analyst at FxPro, said that Bitcoin’s drop below $90,000 could mean new opportunities for market traders, explaining: “In a potential shock scenario, Bitcoin could suddenly fall below the $70,000 area. However, a correction to $90,000 in the coming weeks is more likely to be attractive enough for buyers to prevent selling, and the market continues to digest a more hawkish attitude from the Federal Reserve, which is reinforced by the accumulated urge to lock in profits, especially after a strong year.” (Coindesk)