Bitcoin at Risk of Dropping to $81K if $85K Support Fails, Analyst Warns

In Brief:

Bitcoin’s liquidation risk below $85,000 surpasses $1 billion.

Analysts warn of a potential drop to $81,000 if support breaks.

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Bitcoin’s recent price action has raised concerns among analysts, as it struggles to hold above the $85,000 support level. According to Ryan Lee, Chief Analyst at Bitget Research, the sell-off is driven by reduced risk appetite among crypto investors, pushing BTC toward the $89,000 mark.

If bearish momentum continues, Bitcoin could test support levels at $86,000 and $81,000. GRVT CEO Hong Yea emphasized that a breakdown below $85,000 could accelerate losses, leading to a steeper decline. The market is now closely watching BTC’s ability to maintain key support in the face of increased volatility.

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