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- Bitcoin Drops Below $95,000. Is a Fall Past $80,000 Next?
Bitcoin Drops Below $95,000. Is a Fall Past $80,000 Next?
What’s the support targeted by investors now?
For as much attention as bitcoin received in the past year, its price stayed mostly flat or followed a gentle decline. But amid a few key liquidation events and declining macro trends, the bottom is threatening to fall out.
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Bitcoin Drops Below $95,000. Is a Fall Past $80,000 Next?
Bitcoin and other risk assets are trending downwards amid bullish macro trends as analysts search for key layers of support.
Bitcoin is crashing, with further to fall (ChatGPT)
Bitcoin dropped below $95,000 as losses deepen amid declining market sentiment. In fact, Friday’s fall is part of a broader downward trend that has seen the asset drop over 20% over the past few months.
(TradingView)
(TradingView)
The flagship digital asset with a market capitalization of $1.9 trillion is only up 1.55% year-to-date, despite President Donald Trump signing the first piece of specific crypto legislation (GENIUS Act) into law in July and the rise of bitcoin digital asset treasury companies (DATs) that have brought in 808,900 bitcoin (worth collectively $77.6 billion worth of the asset).
This weak performance stands in stark contrast to broad-based market indices, such as the S&P 500 and Nasdaq 100, which are up 15.27% and 20.01%, respectively. Investors in bitcoin will find little solace in the fact that these gains are largely due to the outperformance of key tech and AI-focused stocks in these indices.
(TradingView)
In the rest of this story, you’ll find:
The key levels bitcoin must hold next
What the key momentum indicators are signaling
The macro forces weighing on the market
One potential catalyst
Our research takes time, calls, and credibility.
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