The cryptocurrency market is experiencing a collective decline

The cryptocurrency market has witnessed a collective drop in cryptocurrencies.

Most cryptocurrencies have fallen amidst a surge of strong selling.

Bitcoin has resumed its decline along with other cryptocurrencies,

returning to the $90,000 level, which is currently considered

a strong buying zone on the daily timeframe, as mentioned in our Bitcoin analysis.

While the cryptocurrency market is experiencing a decline, companies

have begun buying Bitcoin again. Among the most prominent of these companies is Strategy Inc.,

which purchased more than 22,300 Bitcoins for over $2 billion.

This demonstrates that despite the cryptocurrency's decline, it remains a focus for major companies.

It is expected that we will see a strong rebound in the currency soon.

Technical Outlook

As mentioned, the currency reached the $90,000 level, which is a significant level

corresponding to strong buying demand zones on the daily timeframe.

We expect to see an upward movement in the cryptocurrency, especially if any reversal signals emerge.

Buy signals are possible on both the same timeframe and the 4-hour timeframe.

If the price rises, we expect to see a return to levels close to $10,100.

The current correction was expected and normal, so it's best to consider buying now.

However, please pay close attention to managing your money and consistently use stop-loss orders.