Coinidol.com: Bitcoin May Continue to Fall to $89,700

The Bitcoin (BTC) price has fallen below the moving average lines and is now trapped between them.

BTC price long-term prediction: bearish

On the downside, if the bears breach the 50-day SMA support, Bitcoin could fall to a low of $89,700. Bitcoin is currently at $91,185.

Technical indicators      

Key supply zones: $120,000, $125,000, $130,000

Key demand zones: $100,000, $95,000, $90,000

BTC price indicator analysis

What is the next move for Bitcoin?

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.