Recent Bitcoin price drops have prompted market analysis from various analysts. While the cryptocurrency’s current price hovers around $83,900 following a 23.4% monthly decline, some experts predict a potential bottom at $75,000 or lower. The downward pressure has been attributed to factors including technical chart patterns and credit events. A broad sell-off saw over $2.2 billion in Bitcoin positions liquidated within 24 hours, further contributing to the market’s decline. 5 analysts compiled their predictions on November 21st, ranging from a possible low of $75,000 to $94,500. These predictions were based on various methodologies and timeframes for support levels. Key observations included a temporary dip below $80,000 before stabilizing in the lower range. This sparked widespread liquidations across cryptocurrency markets. 1 analyst from Placeholder VC believes that $75,000 is a re-entry level rather than a definitive bottom call. Meanwhile, Arthur Hayes, BitMEX’s lead analyst, forecasts a short-term price target of $80,000 to $85,000 before possibly rising above $200,000 to $250,000 by year-end, alluding to potential credit event triggers. The current market’s capitalization dropped below the $3 trillion mark for the first time since April 2025. The decline coincides with an estimated $75,000-$80,000 range identified as a key support zone. Another analysis by JPMorgan highlights the potential impact of MicroStrategy’s removal from major equity benchmarks on Bitcoin prices, while CoinShares’ James Butterfill focuses on flow data and cyclical behavior, emphasizing market participants’ adherence to established four-year cycles. Analyst predictions are being influenced by factors such as large holders selling crypto over $20 billion since September and the impact of forced selling triggered by leveraged trading. The article explores how these events are contributing to Bitcoin’s current price movement.