Bitcoin Price May Plummet to $81,000 if Support Breaks – Analysts Warn

Bitcoin is facing potential price decline, with analysts expressing concerns over the coin’s vulnerability below key support levels. Concerns are mounting as Bitcoin prices fell to a three-month low of $87,629 on February 25th, exceeding the psychological $90,000 mark for the first time since January 13th according to Cointelegraph Markets Pro data. This recent decline has been attributed to waning investor risk appetite, as per Ryan Lee, chief analyst at Bitget Research, who highlighted that Bitcoin price is currently in a consolidation range and is poised to drop towards $81,000 if bearish behavior persists.