Bad News for Bitcoin: Don't Dream of a New Peak, the Price Will Fall This Far! - Coin Bulletin

Crypto analyst Jason Pizzino warned that if Bitcoin loses the critical support level of $91,750 in the near future, it could drop as low as $80,000.

Cryptocurrency analyst and investor Jason Pizzino has expressed a bearish view for Bitcoin (BTC). In a new video post, he stressed to his 345,000 YouTube subscribers that Bitcoin will "likely see further declines" and that its all-time high of around $108,200 won't be surpassed for a long time.

Pizzino said that the critical support level for Bitcoin is currently around $91,750. He noted that if Bitcoin falls below this level, there is an increased likelihood of a price decline to $80,000.

Especially in the next one or two weeks, the price could drop to $83,500 and $82,000 levels. Please provide the text to be translated

Crypto market movements are weakening

The analyst, who points out that if Bitcoin falls below $85,000, the correction could deepen further, emphasized that concern should be raised if there are closures below the levels of $73,000-$74,000.

He said that these levels were previous peaks and that such a movement indicated that the market was very weak. However, he also added that this was not the end of the market.

Pizzino said that Bitcoin is currently below its all-time high for 14 days, and this is the first time that Bitcoin has stayed at such low levels for so long after reaching its peak at $74,000.

He emphasized that this situation would take longer, especially after the previous extreme bullish trends, for Bitcoin to recover. However, he reported that a 'reboot' process has begun in the market, which is good news.