Yesterday, I pointed out that Bitcoin has consistently touched the $92,000 mark on six occasions since it initially soared past $100,000. Right now, we’re witnessing another critical moment as Bitcoin teeters dangerously close to that threshold, having hit today’s lowest point.
Just recently, we dipped below yesterday’s low of $92,724, spurring some additional stop-loss orders in the last few minutes. These values represent the lowest for the year thus far. Although significant stop-loss orders aren’t expected unless the price falls past the December 30th low of $91,262, or maybe even approaches the $90,000 mark.
If those levels are breached, one could suggest there’s a somewhat disorderly head-and-shoulders pattern emerging, potentially targeting a significant drop to $78,000.
