Bitcoin price loses key multiyear support trend line: A classic BTC fakeout?
BTC could drop to $80,000 by 2025’s end if support breaks decisively, but analysts say that wouldn’t necessarily mark the start of a bear market.
Key takeaways:
Bitcoin is dropping below a critical multiyear trend line support, sparking bear market fears.
One analyst sees the breakdown as a fakeout, however, suggesting that dips below $100,000 will serve as a buying opportunity.