Bitcoin (BTC) has finally slid below a key support level at $84,000, which has held the price since mid-November 2025. Where will BTC price action head next?
Key takeaways:
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Bitcoin dropped to a two-month low of $81,000 on Thursday, fueled by $1.6 billion in long liquidations
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Some analysts forecast deeper declines in a prolonged bear market targeting $50,000-$58,000.
Bitcoin sentiment at record lows suggests “no upcycle”
Bitcoin extended its sell-off into the late New York trading session on Thursday,