Bitcoin Price News: BTC Plunges Under $90,000, Will it Recover?

Bitcoin fell below $90,000, dropping to $89,420, its lowest level since February. This decline has erased all gains made in 2025, following a peak of $126,250 six weeks earlier. The downturn accelerated after Bitcoin failed to reclaim support at $93,700, leading to a significant 'death cross' signal between the 50-day and 200-day moving averages. This signal typically precedes multi-week sell-offs, compounded by stagnant inflows into U.S. spot ETFs and rising inflation concerns. The Fear & Greed Index dropped to 11, indicating extreme fear in the market. Retail investors have started focusing more on Bitcoin as a safe asset, abandoning altcoins. Analysts warn that without a rebound above $93,000, prices could further decline to the $86,000–$88,000 range. Nonetheless, some believe that such sentiment shifts may lead to short-term relief rallies if ETF outflows stabilize in the near future.

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