BTC/USD: Sell short-term idea [Video]
![BTC/USD: Sell short-term idea [Video]](https://editorial.fxstreet.com/images/Markets/Currencies/Digital Currencies/Bitcoin/bitcoin_forex_XtraLarge.jpg)
Potential for the downside continuation on the daily -timeframe.
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Petar Jaćimović
FXCentrum
Petar Jaćimović was born on 8 July 1989 in Jagodina, Serbia.
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Bitcoin is trading above $90,000 at the time of writing on Tuesday amid sticky risk-off sentiment in the broader crypto market. Altcoins, including Ethereum and Ripple, are paring losses, holding above key support levels.
Bitcoin price holds above $90,000 on Tuesday after finding support around this key level. Firm expectations that the Fed will cut interest rates on Wednesday boosts investors' appetite for riskier assets such as BTC.
Pepe (PEPE) trades in the red on Tuesday after failing to secure a daily close above the $0.00000500 psychological level on Monday. The technical outlook remains mixed as the meme coin consolidates.
Chainlink price steadies near $13.70 on Tuesday, finding support around the key level. On-chain data signals bullish sentiment, as LINK exchange reserves fall to their lowest level since August 2024.
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Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.