Analysts pointed to the critical level in Bitcoin! This level gives power to six bears! Here are the details

Bitcoin’in (BTC) The historical Taurus run is tested by the fact that the leading crypto currency drops below $ 98,000 with a decrease of about 10 %from $ 109,000, which is the highest level of all time.

Van StrateN said Bitcoin’s bull run would face an important test if BTC falls below $ 91 thousand

Analysts warn that more than $ 91,000 can put a significant pressure on the rally.

The last withdrawal is attributed to concerns about the deepseek artificial intelligence of China, which is seen as a major challenge against the US’s technology dominance.

This contributed to the increase in the tendency to avoid risk with wider sales in the US markets. NASDAQ futures decreased by 4 %and signaled a wider correction in stocks.

On the other hand, Bitcoin’s bull run has been subjected to more than one correction of 15 %since Donald Trump won the US elections.

After rising from $ 66,000 to $ 109,000, the BTC experienced double -digit decreases several times, which made the current decline look consistent with previous market behavior.

An important level of support to be followed is the cost base with a short -term cost of $ 91,000.

This metric, which monitors the average cost of the coins carried in the last 155 days, has historically a base task in the rise markets.

However, the decline tendency is increasing. The return of Bitcoin funding rates to negative shows that traders bet even downward betting. In the meantime, Bitmex Founding Partner Arthur Hayes envisaged a correction up to $ 70,000-75,000 before climbing $ 250,000 at the end of the BTC.

Since both crypto and stock markets are under pressure, investors closely monitor whether Bitcoin can hold over $ 91,000 or whether there is a deeper correction on the horizon.

*It is not an investment advice.