BTCUSDT Bitcoin Market Update: Potential Bearish Shift Following 90K Breakout
Bitcoin's market structure is showing signs of a bearish transition after breaking above 90K. A deeper correction appears to be forming, which aligns with a technically sound and healthy market cycle. Sustainable market growth typically involves corrections rather than continuous upward movement driven solely by aggressive capital inflows.
A correction or potential trend reversal could inject renewed momentum into the market. Fundamental factors, such as the absence of strong regulatory support for cryptocurrencies in the U.S., security concerns related to exchange hacks, and the impact of Bitcoin dominance on altcoins, continue to influence sentiment.
Should Bitcoin's price decline toward the 75K–
73K range, it may create opportunities for fundamentally strong altcoins, especially if Bitcoin dominance starts to decrease. A shift in capital flow from Bitcoin to altcoins, combined with Bitcoin rebounding from key support levels, could improve conditions for an altcoin market cycle.Key Levels to Watch:
Resistance: $88,150, $90,700
Support: $75,000, $73,570, $66,830
A temporary move toward the 88.1K–90.7K resistance zone is possible before Bitcoin resumes its decline. Given the current market imbalance, lack of strong catalysts, and absence of robust support, a medium-term price correction toward the 75K–73.5K liquidity zone remains a scenario to consider.
