Bitcoin is holding at the $84,000 level, analysts expect a downturn.

Bitcoin Price Decline

Bitcoin fell to its lowest level since November on Thursday, trading at $84,000. Sharp sell-offs in the cryptocurrency markets have heightened investor concerns.

The decline was triggered by significant losses in the gold and stock markets in the United States. However, despite a recovery in these traditional markets, a similar rebound has not occurred in the cryptocurrency sector. This situation highlights the overall weakness of crypto assets.

Experts suggest that if support levels are broken, Bitcoin could drop to as low as $70,000.