Bitcoin Price Faces Further Decline Analysts Predict Potential Drop to 80000

Crypto analyst Akademik predicts further declines for Bitcoin, potentially dropping to between $80,000 and $60,000. Current market conditions show a bearish outlook, with a significant supply wall at $97,000 and a support level at $94,500, indicating a risk of lower prices before a possible rally. Despite short-term challenges, some analysts maintain a bullish long-term outlook for Bitcoin.

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