21Shares crypto research strategist Matt Mena believes that if the price of Bitcoin continues to fall, it could drop to $80,000. He stated that options traders focused on cryptocurrencies also support this view, with a large number of options contracts expiring in December betting on Bitcoin falling to $80,000. "The $80,000 support level could be the limit of this correction, and this could actually be beneficial for the healthy development of the market... Bitcoin often re-tests previous support levels to consolidate upward momentum and clear leveraged positions and short-term speculators." (kitco)