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Analyst: If Bitcoin fails to hold the $90,000 support level, it could decline further in the short term

According to Cointelegraph, Bitcoin fell to an intraday low of $92,500, and analysts warned that if the $90,000 support level fails to hold, the price could continue to decline in the short term. Biyond co-founder Burkan Beyli said in an interview that if Bitcoin falls below $94,000, then the next goal is to fall to $81,000 in five weeks. To achieve this bearish scenario, Bitcoin needs to close below $95,180 next week. When CPI data is released, bears may take action. Overall, I am bearish on cryptocurrencies in the short term (in 4 to 5 weeks), but still bullish in the long term as I expect DXY to correct after Trump takes office.