Bitcoin price is $93,890 and it's hard to predict with certainty whether it will go Below $90 before tomorrow due to the fluctuating price of Bitcoin. What your thought on this.
Yes, there's still a chance that it might go below $90,000 before it goes up yet again.
After the sudden pump on the market, we know for sure that a correction is needed. I did put a simple Fib Retracement and I also looked at the 21 Weekly Moving Average which can be a long-term dynamic support/resistance, and it shows that the possible correction prices is at around the $88,200-$88,700. For sure, there's a chance that this might not be reached because $90,000 will act as a psychological support as well.
The week is ending on a green candle on a weekly chart, and it's below 21 Weekly Moving Average. What we need now is to sustain it's price to be above that like so we can say that the bulls are now in control.