Analysts: BTC could fall to $71K if it breaks below $84K support

Analysts are warning of a potential sharp decline for Bitcoin if it fails to hold the $84,000 level, which it is currently struggling to maintain. According to CoinDesk, 21Shares analyst Matt Mena described $84,000 as a key support level for BTC. He stated that a break below this point could lead to a retreat to $75,000, though he also noted the possibility of a recovery to $100,000 within the first quarter. Meanwhile, John Glover, Chief Investment Officer at Ledn, analyzed that the current correction is an extension of the downtrend from last year's high. He suggested that in a worst-case scenario, BTC could fall as low as $71,000.