A pivotal support level for Bitcoin has been breached, triggering panic selling and signaling potential market downturn. The cryptocurrency surpassed $93,000 this week, but the move toward a new all-time high was short-lived as technical indicators reversed, and institutions started pulling out their investments. Analysts warn that failure to reclaim this significant level could expose the market to further losses. This sudden shift marks a drastic change from the bullish outlook of recent months, with indicators like RSI and MACD signaling fading buying strength rather than temporary correction. The SuperTrend indicator, which historically signaled a downturn during past Bitcoin crashes, has flipped bearish. Institutional selling is intensifying as Blackrock’s active sales via its ETF have added fuel to this market fire. While these shifts are significant, it remains to be seen if bulls can regain control and stabilize the market. The cryptocurrency needs to reclaim its historical support at $93,000 or else a deeper correction seems more likely. This would mark a major shift in the Bitcoin narrative. The information provided is for educational purposes only and should not be considered financial advice.