Bitcoin investors have been watching the price movement with concern in recent days. While BTC continues to trade at $ 104,430, a popular analyst predicts that the price could fall to $ 85,000. So how will the markets react if such a decline occurs?

Why is Bitcoin Price Declining?

Bitcoin has been following a volatile course since January 19. After seeing the peak of $ 110,000, the price could not gain strong momentum and entered a sideways movement. For now, BTC is consolidating between $ 102,200 and $ 92,700. However, if the selling pressure increases during this process, it is a matter of curiosity how the price will move.

Experts say that BTC could fall to $ 85,000. According to technical analysis, if this decline occurs, selling pressure below $ 90,000 could be triggered. In such a case, it may be inevitable for Bitcoin to test critical support points.

Could Bitcoin Drop to $85,000?

Popular analyst Ansem is drawing a scenario for Bitcoin at $85,000. He says, “Many people are pointing to August, but what if it’s April?” and suggests that this drop could come earlier than expected. Past price action also supports this theory.

If a similar situation occurs as the price fluctuations experienced in April 2024, it is possible that BTC could drop to $85,000. Past data suggests that such formations can repeat themselves. If history repeats itself, investors should be prepared for a major correction.