PAX Gold

Bitcoin’s push for $93,000 was stalled as professional traders stay cautious and the market’s focus remains pinned to gold’s rally, Federal Reserve policy and US macroeconomics.

Traders continue to defend the lowest support levels in Bitcoin and altcoins, but sellers at the range highs and declining sentiment across the market may complicate a quick recovery.

XRP is holding the $1.80-$2 support, with multiple indicators suggesting an extended sideways price action before a “liftoff” toward double figures.

Bitcoin price analysis warned that BTC would follow the US dollar toward a long-term bottom next, adding pain for crypto bulls.

Bitcoin dipped below $87,000 as the Coinbase Premium hit 12-month lows, signalling weak US demand and with technicals hinting at a $66,000 BTC price target.

Past yen shocks were followed by BTC dropping 30% before rebounding more than 100%, a pattern traders are watching as talk of Japan's intervention returns.

Bitcoin price analysis forecasts a long-term BTC price bottom in the coming days as geopolitics and macroeconomic mayhem seize markets.

Bitcoin began losing gains as US futures prepared to open as markets geared up to deal with a host of potential downside volatility catalysts.