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Analyst: Bitcoin retests key resistance level, falling below $90,000 may trigger a dual technical and psychological blow.
According to BlockBeats news on May 5, CoinDesk reported that FxPro analyst Alex Kuptsikevich stated, "We have returned to a key resistance zone, which served as a support level from last December to this February. The next downside targets are $92,500 and $89,000. If Bitcoin falls below $90,000, it will have an impact both technically and psychologically, and will also break below the 200-day moving average."