Bitcoin's price has dropped below $90,000, influenced by Ethereum founder Vitalik Buterin's warning about the potential threat posed by quantum computers to Bitcoin and Ethereum. The cryptocurrency has broken through the $94,200–$95,000 support zone, establishing a strong downtrend characterized by lower highs and lower lows.
The Stochastic RSI remains in oversold territory, suggesting continued bearish momentum. Analysts have identified key support levels at $87,500, $84,000, and $82,000, which could be potential targets if the downward trend persists.
Bitcoin Falls Below $90K Following Quantum Security Concerns
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