PANews May 5 news, according to CoinDesk, under the influence of macroeconomic uncertainty and expectations of the Federal Reserve meeting, Bitcoin fell below $95,000. Analysts warn that prices may fall further, with key support levels at $92,500 and $89,000 respectively. Despite the decline, last week the net inflow of Bitcoin ETFs still reached $1.81 billion, indicating sustained investor interest.
Alex Kuptsikevich from FxPro pointed out that the market has returned to the key resistance area that acted as support from December to February, with the next downward targets being $92,500 and $89,000. A fall below $90,000 would cause damage on both technical and psychological levels, and a fall below the 200-day moving average.
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