Bitcoin Slides Below $90k: Analyst Warns of Potential Drop to $50,000

Recent price fluctuations in Bitcoin have triggered concerns among market participants. After dipping below the $90,000 mark, the cryptocurrency has sparked a wave of uncertainty. While some traders see an opportunity for buying at a discounted price, others are forecasting a potential downturn to as low as $50,000. analysis suggests that this decline could be triggered by technical indicators and the continuing outflow from US Spot Bitcoin ETFs, which signals shifting institutional focus towards alternative cryptocurrencies like XRP and Solana.