I just saw this news on Binance this morning, and truly for the past few days Bitcoin seems to be depreciating.
On Jan 8 Bitcoin experienced it second-steepest daily decline which has now further lead to market uncertainties.
I have equally seen the price of Bitcoin decline from $100k
Down to $93k this week. And it may be that Bitcoin will dip more but not sure if it will deep below $90k. Although the market have started recovering or taking back its corse so I believe we may not fall below $90k anytime soon.
And according to Binance if Bitcoin closes below $90,000 on the daily chart, analyst warns of a deeper crash .
Well I don't know how true this is but I know everything remains speculation meaning that it may or may not but if it happens that it fall below $90k then it's a good burying point to accumulate through the dip strategy.