Bitcoin Price In Trouble As Sell-Side Momentum Spikes — $92,000 Next?

Bitcoin's price struggles have intensified as it dips below the critical $100,000 mark, raising concerns about market stability. Recent data from Arab Chain highlights a surge in sell-side momentum on Binance, indicating a shift towards bearish sentiment among traders. This aligns with observations from other reports, which note that Bitcoin is entering a consolidation phase, with daily inflows to Binance averaging 7,500 BTC. Despite this, profit-taking remains prevalent, suggesting that while the market stabilizes, volatility persists. The interplay between these factors could signal further challenges for Bitcoin, potentially leading to a test of the $92,000 level.