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Bitcoin Dips Below $90K Amid Market Uncertainty

Key Takeaways

  • Bitcoin (BTC) is experiencing high volatility and is currently fluctuating around USD 90,000.
  • Market opinions are divided: some experts predict BTC will reach USD 1 million, while others warn of a downturn.
  • Geopolitical tensions, especially due to U.S. tariffs under President Trump, are negatively affecting market sentiment.
  • On-chain data shows that 79% of BTC holders are currently in profit.
  • Technical indicators suggest a potential price rally – resistance lies around USD 94,500.

Current Situation: Between Euphoria and Uncertainty

Bitcoin has been on a rollercoaster ride in recent months. After briefly climbing above USD 109,000, the price has dropped back below USD 90,000. The reason: political uncertainty. The return of Donald Trump to the U.S. presidency and his aggressive tariff policies are putting pressure on global markets. This directly affects Bitcoin, as investors are acting more cautiously.

Optimistic Voices from the Crypto Community

Despite the price fluctuations, some industry insiders remain optimistic. Dan Held, a well-known Bitcoin analyst, advises staying calm. In his words: “Don’t panic. HODL.” HODL stands for “Hold On for Dear Life” and is a term from the crypto scene encouraging long-term holding of coins regardless of short-term price swings.

Changpeng Zhao (CZ), founder of Binance and new strategic advisor to the Pakistan Crypto Council, is also confident: “Bitcoin will definitely reach 1 million dollars.” He points to the early stage of the technology and its growing global adoption – particularly in countries like Pakistan that are actively investing in blockchain.

Charles Hoskinson, founder of Cardano, even predicts a BTC price of USD 250,000 – driven by growing interest from major tech companies like Apple and Microsoft.

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Critical Voices: Schiff Warns of Price Declines

Peter Schiff, a long-time Bitcoin critic, sees things differently. He points to price losses in various currencies: in euros and yen, BTC is down more than 30% from its yearly high. For him, this is a sign that investors outside the U.S. may lose confidence more quickly. In his view, European and Japanese investors could soon pull out.

Technical Analysis: Between Hope and Caution

A look at the numbers reveals a mixed picture. According to the analytics tool IntoTheBlock, around 79% of Bitcoin holders are currently “in the money” – meaning they’re in profit. This indicates a generally positive sentiment among long-term investors.

The current price is around USD 83,757. The Chaikin Money Flow (CMF), an indicator of capital inflows, stands at 0.06 – a slightly bullish signal. At the same time, the Relative Strength Index (RSI) is around 50, indicating a neutral market condition. If the price continues to rise, the next resistance level could be around USD 94,500. A breakthrough at this level could trigger a new upward movement.

Our Assessment

Opinions on Bitcoin’s future are widely divided. While optimists still see BTC as the digital gold of the future, skeptics warn against overly high expectations. The fact remains: volatility is high, and political developments have a direct impact on the price. Those who are invested should keep a cool head, monitor technical indicators, and not be swayed by short-term fluctuations.

In the long run, Bitcoin remains an exciting but high-risk investment. Anyone involved should be aware of the uncertainties – and act accordingly. The coming weeks will likely show whether BTC can reclaim the USD 90,000 mark or come under further pressure.

Casinos: 53
Profile Bitcoin
Symbol BTC
Coin type Alt Coin
Transaction Speed Slow
Pros
  • First cryptocurrency, therefore very widespread
  • Largest selection of casinos among the coins
  • Many BTC based bonus offers
Cons
  • Fairly low transaction speed
Further practical applications
Price $83,711.00
24h % -1.58 %
7d % 10.14 %
30d % 0.60 %
60d % -14.42 %
1y % 32.48 %
Market Cap $1,661,605,978,918.00
Max. Supply 21,000,000.00
Official Links
Socials Reddit | X | Message Board
Best 3 Bitcoin casinos

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