Analyst: The US holiday season before the end of the year may push BTC to rise to a range of 110,000 to 120,000 dollars

21Shares' crypto research strategist Matt Mena pointed out that the next key support level below $90,000 is $87,000. Standard Chartered Bank predicts that Bitcoin may rebound after falling to this level. Matt Mena expects Bitcoin to bounce back by the end of the year because the US holiday season could push Bitcoin up to a range of $110,000 to $120,000.

"During holiday gatherings, investors often share their enthusiasm for Bitcoin and cryptocurrencies with family and friends, discuss their returns and show profit and loss situations... This can stimulate curiosity and interest, attracting new investors into this field. We have seen this happen many times in recent years." (businessinsider)