Bitcoin Tests Critical $80,000 Level as Analysts Warn of Extended Weakness Risk

Bitcoin has entered a critical phase following recent volatility that triggered short-term holder capitulation and reversed market sentiment. Technical analysis suggests a near-term rebound remains possible, but analysts caution that a sustained break below $80,000 could signal prolonged bearish conditions. On-chain metrics indicate the current structure resembles corrections seen in previous bull cycles, placing the market at a decisive inflection point.