How Low Bitcoin (BTC) Price Can Fall? Analyst Sets $84K as Downside Target
Bitcoin fell below $95K in its worst week since March, with an analyst setting a downside target of $84K.Summary
Bitcoin (BTC) dropped below $95,000, marking its worst weekly performance in eight months, declining nearly 9%, while Ethereum and Solana saw even steeper losses. The downturn is attributed by Bitfinex analysts to an "information vacuum" caused by the U.S. government shutdown suspending key economic data releases, creating political uncertainty.
Analyst Noelle Acheson views the drop as a necessary correction after failing to sustain a breakout above $120,000, suggesting that once this flush passes, the long-term case for BTC strengthens, driven primarily by macro liquidity.
John Glover, CIO at Ledn, suggests that the breakdown below the 23.6% Fibonacci retracement level near $100,000 opens the path to the next key support level around $84,000, forecasting that the full correction could extend through the summer of 2026, though prices might briefly reclaim $100,000 before a sustained drop below $90,000.
(Source：CoinDesk)