Warning of a Downward Trend? Bitcoin Drops Below $84K, Targeting $76K

Bitcoin (BTC) has fallen under the $84,000 mark following several unsuccessful efforts to surpass the $94,000–$97,000 range. This decrease has sparked concerns of a potential decline towards the $74,000–$76,000 region if the cryptocurrency does not recover swiftly. The drop is believed to be part of a broader market trend, suggesting a shift in risk appetite across financial markets. Some analysts suggest this decline could mirror previous bear market cycles, with one predicting a fall to around $32K by 2026. Conversely, some market observers maintain a bullish outlook, anticipating Bitcoin reaching $200K before any significant correction. Current geopolitical tensions and potential changes in the Federal Reserve leadership may also be influencing the market.