Bitcoin risks crashing to $80,000 as long bear-cycle signal emerges

Bitcoin’s ( BTC ) new bearish sentiment and historical price movement suggest that the maiden cryptocurrency may be entering a fresh downturn ￰0￱ outlook, shared by prominent online cryptocurrency analyst TradingShot in a TradingView post on November 11, came as Bitcoin slipped below the $110,000 ￰1￱ of weekly price charts shows that Bitcoin has been testing the crucial 50-week moving average ( MA ), a historically decisive level in cycle shifts. A sustained close below this indicator has previously triggered deeper ￰2￱ price analysis chart.