Bitcoin's recent move, the $90,000 hurdle is really hanging in the balance!



Right now, this position feels like walking a tightrope. If it can't hold above $90,000 at the close, that bearish flag pattern on the chart won't just be for show. Anyone familiar with technical analysis understands that once this pattern is confirmed, the subsequent trend is basically a foregone conclusion.

What does a breakdown of the bearish flag mean? Market sentiment instantly shifts from wait-and-see to panic. It won't be a slow, gradual decline; instead, it will be a rapid plunge driven by panic selling. The target area? The region just above $80,000 is already beckoning.

The crypto market is so intense — key support levels either hold and push prices higher or break and lead to a different scene. The $90,000 figure, keep a close eye on it in the coming days; it will tell us the answer.

Mainstream coins like BTC, ETH, and SOL are all waiting for this signal.
BTC-1.95%
ETH-3.47%
SOL-2.94%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
QuietlyStakingvip
· 10h ago
If we can't hold 90,000, then let's wait for a bottom buy-in. Anyway, I've already prepared USDT.
View OriginalReply0
DAOTruantvip
· 12-11 10:53
If we can't hold onto 90,000, then we have to get ready to buy the dip.
View OriginalReply0
GhostAddressMinervip
· 12-11 10:49
The bear flag thing, I saw it from the on-chain footprint long ago. Those whales starting with 0x have been preparing all along. If this 80,000 level truly breaks, dormant wallets will wake up in a minute.
View OriginalReply0
MEVVictimAlliancevip
· 12-11 10:46
If you can't hold onto 90,000, then it will drop straight to 80,000. How painful would this wave be?
View OriginalReply0
fren.ethvip
· 12-11 10:27
If we can't hold on to 90,000, we will go straight to 80,000, the question is whether it will be more ruthless
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)