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

Bitcoin's price has recently fallen below $95,000, marking its worst performance in eight months, with a nearly 9% decrease this week. Analysts attribute the downturn to an 'information vacuum' caused by extended uncertainties in U.S. economic conditions and monetary policy following the recent government shutdown. Ledn's Chief Investment Officer, John Glover, has set a downside target for Bitcoin at $84,000, citing technical breakdowns below key support levels. Ethereum and Solana have experienced even steeper declines, with Ethereum dropping over 11% and Solana down 15% since the week began. The lack of crucial economic data and political uncertainty is influencing investor sentiment, leading to a prevalent caution in the market. Glover notes that while volatility is expected for Bitcoin in the coming months, a return above $100,000 could occur before prices dip below $90,000.

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