Bitcoin's price has fallen below $90,000 as the likelihood of a Federal Reserve rate cut in December has decreased to 33%, down from 67% earlier this month. This shift in expectations has contributed to a 'death cross' appearing on Bitcoin's technical chart, a bearish signal that could indicate further declines.
The crypto fear and greed index remains at 16, reflecting extreme fear in the market. Analysts predict that Bitcoin could drop to $75,000 before potentially rebounding by the end of 2025, as market conditions evolve.
Bitcoin Dips Below $90,000 Amid Lower Fed Rate Cut Expectations
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