Bitcoin's Recent Drop Sparks Concerns Amid Market Uncertainty
Bitcoin has fallen below a key multiyear support trend line, sparking fears of a bear market, but some analysts see this as a fakeout that could lead to a buying opportunity, with potential dips to $80,000-$100,000 before a possible recovery. Historically, similar breakdowns have preceded significant corrections, but as long as momentum remains, a rebound is possible, with some predicting Bitcoin could reach $280,000 in the next cycle.