Bitcoin price loses key multiyear support trend line: A classic BTC fakeout?

BTC could drop to $80,000 by 2025’s end if support breaks decisively, but analysts say that wouldn’t necessarily mark the start of a bear market.

Key takeaways:

Bitcoin is dropping below a critical multiyear trend line support, sparking bear market fears.

One analyst sees the breakdown as a fakeout, however, suggesting that dips below $100,000 will serve as a buying opportunity.

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