Can Bitcoin Return to Pre Election Prices? Bitcoin investors may still face more pain. This week, the market as a whole showed a risk aversion sentiment, with Bitcoin falling below $90000 for the first time since November last year. At present, the cryptocurrency has fallen about 21% from its historical high and is at a critical point. If it cannot regain its position at $90000, Bitcoin may fall back to $70000. Over the past few months, $91000 has been a key support level, but now this level has been significantly breached. If the market fails to quickly experience an oversold rebound, it will send an extremely pessimistic signal. At present, the situation is not optimistic. If the market continues to weaken and bullish sentiment dissipates further, prices may return to pre election levels. Although the market remains optimistic about the long-term benefits that Trump's policies may bring to cryptocurrency, some analysts believe that Bitcoin may still be under pressure due to large-scale safe haven sentiment until new catalysts emerge. The market landscape is changing, not only in the global stock market, but also in the commodity and cryptocurrency markets. Uncertainty has become the most concerning issue for investors, and risk appetite is rapidly declining. Since the beginning of this year, Bitcoin has fallen by 8%, but it has still risen by 23% since the election.