We have seen the traders and analysts predicted that bitcoin will fall to $85000 while some also at the time predicted that bitcoin will fall to $75000. But what happened was that bitcoin fell to almost $89000 and move back up to over $100000 before getting to ATH. The last price move really makes those predictors predictions not very correct.
But after bitcoin increased to ATH, it got above $100000 but its fall back as been very accurate. Later $100000 become the resistance. Later $99000 become the resistance before moving slightly above $100000 again. It fell and $98000 become the resistance. I can noticed that bitcoin is unable to get above $98000 recently.
There is support around $94000/$95000. But I hope this support will not be broken to another support around $89000/$90000 after $91500.
But let me ask a question. I saw on news that bitcoin can fall to $85000. What do you think about it this time?
The news you saw has been largely realized. We can see that Bitcoin has been dumping a lot in these few days and is at $82,000. However, based on the current market situation, it can be said that the market may be dumping more. However, I cannot predict whether Bitcoin will go back to $100,000 between February and March. Since many are predicting that Bitcoin will soon go to $100,000 and create a new record. But now it is our turn to wait and see what position Bitcoin achieves in the coming days.