If Bitcoin (BTC) fails to hold the $85,000 support after facing rejection at the $96,000 resistance level, it is possible that it could drop to a new low of $80,000.

Reasons Bitcoin Could Hit $80,000

1. Increased Selling Pressure

After failing to break above $96,000, heightened selling by investors taking profits could push Bitcoin past key support levels, targeting $80,000.

2. Stop-Loss Hunting

Below $85,000, a large number of stop-loss orders could be triggered by big players, creating artificial liquidity and accelerating the drop to $80,000.

3. Weak Buying Demand

If the $85,000 support does not attract sufficient buying interest, the lack of demand may result in further downward movement.

4. Regulatory or Global Factors

Negative regulatory news or global economic uncertainties could worsen market sentiment, driving Bitcoin toward $80,000.

5. Psychological Pressure

$80,000 represents a critical psychological level, and fear-driven selling could lead to a test of this price.

Conclusion

If Bitcoin breaches the $85,000 support, a decline to $80,000 is likely. Traders should remain cautious, avoid hasty decisions, and rely on thorough technical and fundamental analysis. Investors might view such a dip as an opportunity to re-enter the market, but timing and market monitoring will be crucial.