#BTCBelow80K Bitcoin's recent price drop below $80,000 is largely attributed to President Trump's sweeping trade tariff announcement, which sparked fears of a global market crash reminiscent of 1987's Black Monday. This move wiped out $8.2 trillion in stock market value, with both the S&P 500 and Nasdaq Composite Index plummeting nearly 6% [6].

*Current Market Situation:*

- *Bitcoin's Price*: Currently trading near $77,349, down 6.54% from its recent high.

- *Market Volatility*: The VIX (Volatility Index) has reached its highest level since the COVID crash in 2020, while BTC volatility is compressing, setting the stage for a potential breakout.

- *Global Market Impact*: U.S. stock indices, including the Nasdaq 100, S&P 500, and Dow Jones, have seen significant losses, with international markets like Japan's Nikkei 225, Australia's ASX 200, and South Korea's Kospi also experiencing major drops [9].

*Expert Predictions:*

- *Max Keiser*: Forecasts a Bitcoin price surge to $220,000 by month-end, citing its safe-haven appeal amid collapsing equity markets.

- *Crypto Caesar* and *CryptoElites*: Predict a massive upside move, possibly targeting $150,000+, as Bitcoin begins its "last push" of the cycle.

- *Daan Crypto Trades*: Believes a major breakout is imminent, with compressed volatility and strong divergence from equities [6].

*Key Support Levels:*

- *$76,000*: A crucial support level to watch, with potential for a fake breakdown similar to past corrections.

- *$92,000*: A bullish reclaim target that could confirm the uptrend [7].