Crypto: Bitcoin Loses Crucial $84k Support: How Low Can BTC Price Go?

BTC could drop to as low as $50,000 in the worst-case scenario after BTC price failed to hold the important $84,000 support level.

Bitcoin (BTC) has finally slid below a key support level at $84,000, which has held the price since mid-November 2025. Where will BTC price action head next?

Bitcoin dropped to a two-month low of $81,00 on Thursday, fueled by $1.6 billion in long liquidations

Some analysts forecast deeper declines in a prolonged bear market targeting $50,000-$58,000.

Bitcoin extended its sell-off into the late New York trading session on Thursday, dropping to two-month lows of $81,000.

Support at the 2026 yearly open ($87,000), the 100-day moving averages and the $84,000-$86,000 demand zone failed to hold back sellers as crypto long liquidations passed $1.6 billion. Bitcoin wiped out more than $750 million in long positions on its tumble to $81,000.

Related: Bitfinex Bitcoin longs hit highest level since late 2023: Is a rally to $100K possible?

The risk-off mode reflects negative investor sentiment, which has dropped to “extreme fear” at 16 from yesterday’s reading of 26.

🚨 UPDATE: Crypto Fear and Greed Index drops to 16, signaling Extreme Fear as market sentiment worsens from yesterday's reading of 26. pic.twitter.com/TdN5RZo6OR

“Bitcoin’s Fear and Greed Index has fallen to 16, signaling extreme fear, ” analysts at Crypto Town Hall said, adding

Source: CoinTelegraph