$88K in Focus as Bitcoin Eyes Next Price Bottom

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Bitcoin filled one of two new futures gaps with a trip below $90,000 as analysis predicted a potential bottom level for the next BTC price cycle.

Bitcoin dipped below $90,000 Thursday as market participants see a classic short-term target coming next.

Bitcoin dices with the 21-day moving average trendline as it fills open gaps in CME futures markets.

One gap remaining could see the price return to $88,000 next.

Some analysts argue that if the market reverses higher without filling it, the $88,000 gap could later be interpreted as a cycle low — a view based on technical patterns rather than macro fundamentals.


Bitcoin price gives up $90,000

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