Bitcoin (BTC) fell below $94,000 on December 23, experiencing a 1.2% daily loss. Following a weekend of selling pressure, Bitcoin’s value declined 15% from last week's all-time highs. Traders anticipate a potential retest of support near $90,000, with some suggesting a buying opportunity at $85,000. Analysts, including Bitcoindata21 and CrypNuevo, express skepticism about an immediate recovery, noting trends akin to late 2023's market behavior. Jelle highlighted the similarities between current price actions and historical trends, hinting at a possible dip below $90,000. Macroeconomic sentiments are cautious, especially after a hawkish Federal Reserve policy update, and expectations for interest rate cuts appear dim. Dwindling global liquidity could also affect Bitcoin's performance in the crypto market. Investors are advised to conduct comprehensive research before making any trading decisions, given the inherent risks involved.

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