Bitcoin’s price has dipped below a crucial support level at around $91,758, signaling the start of a potential decline towards $84,000 and $80,000. Analysts attribute this bearish shift to expanding decentralized finance (DeFi) applications and increased institutional investment in other cryptocurrencies, leading to selling pressure in BTC as the dominant force. 20-day EMA resistance at $96,032 further reinforces the downward trend with trading below this level signaling continued selling activity. The market’s current price of $89,199.27 shows a 6.82% and 6.79% daily and weekly drop respectively. The bearish momentum continues as traders anticipate more losses.