The $80,000 Level: The $80,000 or $85,000 range is frequently cited as a key strong support level where many are looking to buy back in, especially if the price were to drop further from its recent highs. Some analysts have pointed to a recent drop towards this range from a high around $126,000.

​Factors that Could Cause a Drop to $80k:

​Major Sell-Offs: Large institutional holders ("whales") offloading their Bitcoin.

​Macroeconomic Events: Unexpected policy shifts from central banks (like the Fed) or a significant global economic downturn.

​Regulatory FUD (Fear, Uncertainty, Doubt): Unfavorable new government regulations in major markets.

​Technical Breakdown: If Bitcoin fails to hold technical support levels (like $90,954 and $87,000) it could accelerate selling towards the $80,000 floor.