How Low Bitcoin (BTC) Price Can Fall? Analyst Sets $84K as Downside Target

Bitcoin has experienced a significant decline, falling below $95,000 for the first time since March, marking a nearly 9% drop in a week. Analysts attribute this downturn to a lack of market clarity arising from a recent U.S. government shutdown that halted key economic data releases. The failure to maintain price levels above $100,000 has brought a predicted downside target of $84,000 to the forefront. Experts believe this pullback is part of a longer correction phase, forecasting continued volatility through mid-2026. In the wake of the downturn, major cryptocurrencies such as Ethereum and Solana have also seen significant losses. Analysts note that clarity on economic policy, particularly related to Federal Reserve actions, will be critical for restoring investor confidence and stabilizing prices. Ledn’s CIO emphasizes that breaking below key Fibonacci retracement levels opens the door for further declines, solidifying $84,000 as the next critical support level for Bitcoin.

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