Analyst: If Bitcoin falls below $90,000, it may trigger a deeper pullback.

Odaily News Bitcoin fell below the $95,000 mark during Monday’s trading session, as rising macroeconomic uncertainties and the upcoming Federal Reserve meeting heightened market caution. FxPro analyst Alex Kuptsikevich stated that if prices continue to be under pressure, the key support levels below are $92,500 and $89,000; once it falls below $90,000, it may trigger a deeper correction. Furthermore, despite the market fluctuations, the Bitcoin spot ETF launched last year still recorded a net inflow of approximately $1.81 billion last week, indicating that both institutions and retail investors remain enthusiastic about allocation. On-chain data shows that long-term holders’ unrealized profits have approached 350%, which may create potential selling pressure on prices. (CoinDesk)