Bitcoin’s price recently dropped to a new low of 91,055 USD, hitting its lowest since December 1. Analysts express concerns about further dips as its psychological support level hovers below 90,000 USD. This downturn incites varying market predictions, with discussions centered on the ongoing trend and potential further declines.

Despite recent price setbacks, notable investors have shown bullish sentiment by accumulating 34,000 BTC, valued at 3.2 billion USD. This reflects HIGH demand even at decreased prices. The Fear and Greed Index fell to a 3-month low, suggesting a shift that could potentially lead to a price reversal trend according to historical patterns.

Concerns have emerged about the U.S. Government’s potential impact on the Bitcoin market, with discussions around the possibility of selling over 6.5 billion USD in BTC. Analysts discuss the complexity such sales could introduce amid political transitions, potentially influencing market dynamics further and complicating price forecasts.