Nansen Analyst: The support level for BTC after the U.S. election is $90,700 - $91,000

Since the Federal Reserve announced its interest rate decision on December 18, Bitcoin has fallen by more than 10%. Aurelie Barthere, chief research analyst at Nansen, told The Block: "I originally expected the correction to happen later, possibly in January.

The Fed's tough stance and political uncertainty surrounding U.S. fiscal priorities (including ongoing government shutdown negotiations) may be the reason for Bitcoin's sell-off." Barthere expects Bitcoin's price range to be $90,700-91,000 USD, representing a support level after the U.S. election.

Barthere said: "So far, the adjustment seems orderly and there are no signs of panic in trading volume. This suggests potential for bargain hunting activities. Therefore after cryptocurrencies outperformed all other financial assets after November 5th , it appears that this adjustment is normal and healthy."