Bitcoin, a type of digital money, went down in price! It fell below $92,000, which is a pretty big drop. This happened even though some people were betting it would go up.
- Many traders bet that Bitcoin would go down in price.
- The price drop was shown by a special chart pattern called a 'bearish marubozu' which means the sellers had more power.
- Bitcoin’s price is below important average prices from the past, which might mean more price drops.
| Important Number | Meaning |
|---|---|
| $92,000 | Bitcoin's lowest price recently |
| $89,200 | Possible next support price (could stop the drop) |
| $99,520 | Price Bitcoin needs to go above to reverse the trend |
| $81,661 | Another possible support price (200-day average) |
