#ShareYourThoughtOnBTC Bitcoin's current trend is bearish, with its price dropping to around $84,665, a 2.38% decrease. The cryptocurrency has been experiencing a downward slide, reaching seven-month lows, and analysts predict further decline toward $75,000 if it fails to hold its current support zone

*Key Factors Influencing Bitcoin's Price:*

- _Risk-Off Sentiment_: Investors are becoming increasingly risk-averse due to economic pressures and uncertainty over interest rates.

- _Institutional Selling_: Long-term holders are selling aggressively, with over 815,000 BTC sold in the past 30 days.

- _Technical Indicators_: RSI is at 22, indicating a deeply oversold condition, while MACD is showing a bearish signal.

*Possible Scenarios:*

- If Bitcoin holds above $82,000, it may stabilize and rebuild momentum.

- If it breaks below $75,000, further decline is expected.

- A rebound above $95,000 could indicate a shift in trend