Wed Feb 26 19:20:00 UTC 2025: ## Bitcoin Plunges Below $90,000, Triggering Market Uncertainty

**NEW YORK, Feb 27** – Bitcoin (BTC) experienced a significant price drop, falling below the $90,000 support level on February 25th and reaching the $85,000 region on February 26th. This sharp decline triggered $937.9 million in outflows from US spot Bitcoin exchange-traded funds and raised concerns about the cryptocurrency market’s stability.

While Binance CEO Richard Teng characterized the pullback as a “tactical retreat” rather than a reversal, predicting a swift market rebound, analysts remain cautious in the short term. A break below the $85,000 support could trigger $1 billion in liquidations of leveraged long positions, according to CoinGlass data.

The Bitcoin price drop completed a bearish double-top pattern, suggesting a potential drop to $70,412. However, the oversold relative strength index (RSI) hints at a possible short-term relief rally, though any bounce is likely to face resistance around $90,000. A decisive break below this level could signal a further decline to $73,777.

The downturn extends beyond Bitcoin. Ether (ETH), XRP, BNB, Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), Sui (SUI), and Avalanche (AVAX) all showed signs of bearish pressure, with various support levels tested and potential further declines indicated based on technical analysis. Each cryptocurrency’s chart reveals specific resistance and support levels to watch, offering insights into potential short-term price movements. However, long-term bullish sentiment persists among some analysts.

**Disclaimer:** *This article is for informational purposes only and does not constitute investment advice. Readers should conduct their own thorough research before making any investment decisions.*

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