Bitcoin downturn continues... Traders say "Further decline likely"

Source: DigitalToday Original Title: Bitcoin’s Downtrend Continues…Traders Say “High Likelihood of Further Decline” Original Link:

Bitcoin continued its decline from the $90,000 range as Wall Street opened, with traders warning of a short-term bearish outlook.

Blockchain media outlet Cointelegraph reported that traders have analyzed that Bitcoin could fall to the low $80,000 range.

Bitcoin has lost its upward momentum after facing resistance at levels seen at the beginning of 2025. Traders are preparing for further declines and see the $88,000 area as an important support level. Trader Dan Crypto Trade pointed out, “If this level does not hold, further declines are inevitable.”

Additionally, trader Titan of Crypto, who uses Ichimoku Cloud analysis, raised the possibility that Bitcoin could fall to the low $80,000 range. He warned that “the $83,900 area could become a short-term bottom,” indicating the possibility of further market correction.

Meanwhile, investor Ted Filous, who analyzed exchange order book data, said, “Bitcoin is currently showing a downward trend in the $90,000 range, with liquidity clusters formed around $94,500 and $90,000.” He emphasized that “the current situation is a ‘make a decision after clearing the bottom’ pattern,” highlighting that the market is having difficulty finding direction in the short term.