Bitcoin Price Analysis: Cryptocurrency analysis firm Egrag Crypto has analyzed that Bitcoin's next major support level is in the $77,000-$80,000 range, which is the CME gap. The ongoing turmoil in the market raises concerns about further declines. In the past, since October 2022, Bitcoin has experienced several crashes, and the average loss rate at that time was about 23.5%. The current market environment suggests that a similar pattern to the past could unfold. The potential downside is in line with the historical average.

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