Bitcoin Plunges Below $90K: Is a Rebound or Further Drop Ahead?

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bitcoin-usd/”>BITCOIN‘S SECRET LIFE: What Happens When It Gets a Little Too Big for Its Boots? 🤯

Well, well, well, look who’s had a bit of a wobble! 🤦‍♂️ Bitcoin’s recent price crash has left investors feeling like they’ve been left holding a bag of dodgy eggs. The whole market was caught off guard, with some poor souls losing their shirts in the process.

But fear not, dear investors! Technical analyst Rekt Capital has been sniffing around and has declared that this pullback is just a wee bit of a “downside deviation” within a re-accumulation range. In other words, it’s just a necessary reset before the next big leg up. 🚀

Bitcoin’s Great Big Wobble: A Necessary Reset?

It seems that Bitcoin’s break below the $90,000 mark was just a minor blip on the radar. After all, it’s not like it’s the first time it’s happened. In fact, Rekt Capital points out that Bitcoin frequently goes through phases of re-accumulation during bull cycles, allowing the market to, ahem, “recharge” before the next big push upwards.

And look, there’s even a fancy chart to prove it! 📊 [img class=”contentimg” src=”https://www.newsbtc.com/wp-content/uploads/2025/02/Bitcoin-chart-from-Rekt-Capital-1.png?w=512″]

What To Expect From BTC‘s Next Move (Or Not)

So, what’s next for our beloved Bitcoin? Well, it seems that some long-term holders have been quietly accumulating while the rest of the market was panicking. In fact, they’ve even been buying up more BTC in the past 48 hours! 🚀

But, of course, there’s always a catch. If Bitcoin doesn’t manage to reclaim the $90,000 mark, it could be a bit of a disaster. I mean, there’s not exactly a lot of support to prop up the price until we hit the $70,000 level. Ouch! 😬

At the time of writing, BTC is trading at a rather precarious $88,628, having declined by a whopping 7.5% over the past seven days. But, hey, it’s not all doom and gloom! It’s shown some early signs of stabilization, having rebounded by about 2% after hitting an intraday low of $86,867. Phew! 🙌

[img class=”size-large” src=”https://s3.tradingview.com/snapshots/v/VW1OmeeE.png”]

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2025-02-26 15:41