Bitcoin Price Crash Far From Over As Support Sits Below $90,000 – Details
Summary
The Bitcoin price has declined due to escalating tensions between Iran and Israel, negatively impacting financial markets, including cryptocurrency. Bitcoin previously held above $100,000 but has lost this support, with analysts indicating major support now lies around $88,888. A crypto analyst, Master Ananda, noted bearish formations and a lack of strength in the market, with over $1 billion in liquidations contributing to the downward trend. The price has consistently declined since peaking at $111,900 in May 2025. If Bitcoin can maintain above $100,000, a bullish trend may resume, potentially retesting levels above $108,000 within two weeks. Failure to hold at $88,888 could lead to further declines toward $82,500.
