According to ChainCatcher, citing CoinDesk, Bitcoin fell back below $90,000 on Sunday as investors' overall risk appetite remained limited ahead of next week's important economic data releases and central bank meetings.
Some analysts warn that Bitcoin's consolidation could turn into a downtrend if key technical levels are breached. Crypto analyst Ali Martinez stated earlier on Sunday on the X platform that $86,000 remains a crucial level that Bitcoin must hold; a break below this support level could lead to a deeper correction.
Currently, the cryptocurrency market remains in a range-bound state, with low trading volume and limited trading confidence. Investors are awaiting upcoming US macroeconomic data and policy decisions from central banks around the world to obtain clearer directional signals.
