Bitcoin Crashes Toward $94K | How Low Can It Go … ?

Why It Matters

The price’s proximity to key technical support determines whether Bitcoin can recover or face deeper declines, influencing investor confidence and the broader crypto market’s risk appetite.

Summary

Bitcoin slipped to roughly $96,300, hovering just below the $97,800 high‑time‑frame average that analysts have been watching for six months. Host Paul Sampson highlighted a bearish harmonic AB=CD pattern that originally projected a $130,000 target, but the recent pullback has brought the price into a critical “gold pocket” support zone near the yearly open. He cautioned that while news such as the prolonged U.S. government shutdown can sway sentiment, the technical picture remains neutral, with a decisive test of the $97,800 level needed to confirm any upside rebound. Traders should watch for a sustained close above that threshold; otherwise, further downside pressure could persist, keeping the market in a tight consolidation box.

Original Description

#Bitcoin #Crypto #Finance

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