PANews reported on April 20 that according to Bitcoinist, after several days of consolidation, both bulls and bears have failed to fully control the situation. The price of Bitcoin is currently fluctuating between $83,000 and $86,00. This indecision reflects the general uncertainty in global financial markets. Despite holding the $83,000 support level, Bitcoin bulls have not been able to recover the key moving average that indicates a new round of momentum. If this price level fails to hold, it may trigger a new round of selling; if the bears regain control of the situation, Bitcoin will be pushed down to $80,000 (or even lower). $90,000 is still the key threshold that Bitcoin bulls must recover to reverse market sentiment, and the $81,000 area is the key bottom in the near term.
Analysis: The key threshold for reversing BTC market sentiment is currently $90,000, and neither bulls nor bears have full control of the situation
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