Bitcoin price has experienced a significant drop, falling below the $104,000 support level and exceeding 3% losses. Analysts warn that this decline may signal further falls to as low as $80,000, driven by waning institutional interest. Experts highlight Bitcoin’s recent plunge and the lack of demand at higher prices. While the market remains cautiously optimistic about its long-term growth, short-term corrections are anticipated. 3 key factors contributing to this decline: a dip below the $104,000 support level, significant trading volume increase (81% rise in trading volume to $82 billion), and waning institutional interest. Notably, Bitcoin price has fallen after its recent all-time high of $108,286.85, further emphasizing the concerns surrounding a potential bottom.