Bitcoin Risks Return To Low $80k Zone Next As Trader Says Dip...

Bitcoin traders brought back sub-$90,000 BTC price targets amid ongoing weakness after a rejection at the yearly open capped potential upside.

Bitcoin (BTC) traders saw fresh downside at Friday’s Wall Street open as $90,000 hung in the balance.

Bitcoin edges closer to $90,000 with traders lining up lower BTC price targets next.

Liquidity conditions favor a sweep of bids as an initial move, analysis agrees.

Ichimoku Cloud signals point to a potentially bigger dip to come.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD down nearly 2% versus Thursday’s close.

After rejecting at the 2025 yearly open level the day prior, Bitcoin lacked impetus for gains, and market participants were keen to see support retests further down.

“Orderbook heatmap shows thin bid side with only reasonably large buy walls at 86K and below it,” trading account Exitpump wrote in fresh analysis on X.

Crypto investor and entrepreneur Ted Pillows used exchange order-book data from monitoring resource CoinGlass to flag $90,000 as an important zone.

“Bitcoin has 2 decent liquidity clusters right now. The upside liquidity is around the $94,500 level, while the downside liquidity is around the $90,000 level,” he summarized.

Source: CoinTelegraph