Bitcoin

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<p>The bitcoin is going through a turbulent phase marked by a significant drop in its price, triggering massive liquidations in the market. As analysts revise their targets downwards, some experts now anticipate a return towards 90,000 dollars.</p>
<h2 id="h-le-bitcoin-chute-sous-les-92-000">Bitcoin falls below $92,000</h2>
<p>The <a href="https://www.cointribune.com/en/tense-week-for-cryptos-between-inflation-and-bitcoin-expiration/" target="_blank" rel="noopener noreferrer nofollow">crypto market experienced a major jolt</a> this Monday in the financial markets. Bitcoin plummeted to as low as $92,600, marking a drop of over 3% within a few hours of trading.</p>
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<p>This correction comes after several unsuccessful attempts to break the symbolic barrier of $100,000, despite initially favorable market conditions.</p>
<p>Extreme volatility has caused a cascade of liquidations reaching $430 million across the entire crypto market in 24 hours, particularly affecting long positions. Some experts are now anticipating a <a href="https://cointelegraph.com/news/bitcoin-new-90k-btc-price-target-dip-liquidations" target="_blank" rel="noopener noreferrer nofollow">return to the 90,000 dollar mark</a>.</p>
<p>Positive external developments, including rumors of a possible ceasefire between Israel and Hezbollah, have not been enough to stop the decline. Even more surprisingly, <a href="https://www.cointribune.com/en/?p=745543" target="_blank" rel="noopener noreferrer nofollow">the announcement of a massive purchase of $5.5 billion worth of bitcoin by MicroStrategy</a> failed to reverse the downward trend.</p>
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<h2 id="h-les-perspectives-s-assombrissent-pour-le-court-terme">Outlook Darkens for the Short Term</h2>
<p>The <a href="https://www.cointribune.com/en/bitcoin-nears-100000-what-does-the-future-hold/" rel="noopener noreferrer nofollow">probabilities of reaching $100,000</a> before the end of November have collapsed, dropping from 85% to only 42%, according to the betting platform Kalshi. This drastic drop in expectations reflects a radical change in investor sentiment regarding the current correction.</p>
<p>Material Indicators, a reference in technical analysis, now suggests a price range between $89,000 and $91,000 as the next probable support. This projection is based on the analysis of visible liquidity levels on Binance, the world’s largest trading platform.</p>
<p>Despite this technical pullback, the long-term outlook remains optimistic, with a 75% chance of reaching $100,000 before 2025 and <a href="https://www.cointribune.com/en/bitcoin-aims-for-2-5-trillion-in-market-capitalization-before-january/" target="_blank" rel="noopener noreferrer nofollow">$2.5 trillion market cap before January</a>.&nbsp;</p>

Bitcoin Falls Below $92,000: The Worst Is Yet To Come According To Experts

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