Why Bitcoin’s Next Target Could Be $93,000

Bitcoin (BTC) is down 2% in the last 24 hours, trading at $81,698 after US inflation came in hot, raising odds of another Fed rate hike. A cascade of long liquidations totaling $63.17 million in the past day and a break below the $82,000–$83,000 support zone compounded the decline. Analysts suggest the next target could be $93,000.