Analysts See Bitcoin Bottom Between $70,000 and $84,000 After Multi-Day Decline

Bitcoin has declined for multiple consecutive days after falling below $90,000 on Nov. 21 for the first time in nearly seven months, with analysts offering varied bottom predictions. Placeholder VC partner Chris Burniske expects a bull market top has formed and plans to re-enter at $75,000 or lower, while BitMEX co-founder Arthur Hayes anticipates an initial drop to $80,000-$85,000 before a potential rally to $200,000-$250,000 by year-end if a credit event triggers accelerated Fed and Treasury money printing. Chinese analyst Banmuxia projects a complex consolidation with Bitcoin potentially declining to $94,500 before volatile ranging between that level and $116,000, with a final bottom near $84,000 or 6-8% below, while economist Hong Hao suggested Bitcoin may require support in the $70,000 range for meaningful stabilization and trader Eugene Ng Ah Sio has increased long positions in ETH and SOL as swing indicators enter oversold territory.