{"id":6843,"date":"2025-01-09T14:31:54","date_gmt":"2025-01-09T14:31:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6843"},"modified":"2025-01-09T14:31:54","modified_gmt":"2025-01-09T14:31:54","slug":"bitcoin-price-loses-10k-in-2-days-after-dropping-below-92k-where-is-the-bottom","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6843","title":{"rendered":"Bitcoin Price Loses $10K in 2 Days After Dropping Below $92K: Where Is the Bottom?"},"content":{"rendered":"
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It has taken just over 48 hours for the primary cryptocurrency to erase all gains registered since the start of the year and dumped below $92,000.<\/p>\n

The altcoins have also been suffering a lot lately, which begs the question (again) of whether this bull market has been halted.<\/p>\n

\"BTCUSD.<\/a>
BTCUSD. Source: TradingView<\/figcaption><\/figure>\n

Ever since the all-time high registered on December 17 at over $108,000, the primary cryptocurrency has been on a predominantly bearish trajectory that drove it to $91,300 last Monday, which became a monthly low.<\/p>\n

It managed to bounce off in the following days and even spiked above $100,000 earlier this week, but that was short-lived as the overall market sentiment remains unfavorable.<\/p>\n

The rejection at $100,000 pushed the asset south hard, losing<\/a> several grand in the past few days. Earlier today, bitcoin dumped below $92,000 for the first time this year, thus erasing<\/a> more than $10,000 since the Tuesday peak.<\/p>\n

Crypto analyst Ali Martinez warned that BTC had breached to the downside the $92,500 support level, which spells troubles for the asset. In fact, he argued that bitcoin could plunge below $90,000 and even beneath<\/a> $80,000 in the next several weeks.<\/p>\n

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The $92,500 support broke, you know where next! https:\/\/t.co\/8qo7ulq4mJ<\/a><\/p>\n

\u2014 Ali (@ali_charts) January 9, 2025<\/a><\/p>\n<\/blockquote>\n