Bitcoin Price Target: $80,000 if Support Breaks Cryptocurrency analyst Jason Pizzino has predicted that Bitcoin (BTC) could drop to $80,000 if it fails to hold support at $91,750. The prediction comes as BTC has been in a correction for more than 14 days, the longest since breaking above $74,000 in November 2021. Pizzino suggests that this correction is healthy and indicates a market reset. However, if the support at $91,750 breaks, he believes BTC could fall further to $80,000. Positive Outlook Despite Correction Despite the potential for a drop, Pizzino remains optimistic about the long-term prospects for BTC. He notes that the cryptocurrency has a history of recovering from corrections and reaching new highs. "This current pullback is simply a normal part of the market cycle," Pizzino said. "Bitcoin will eventually resume its uptrend and continue to make new all-time highs." Technical Analysis Pizzino's analysis is based on technical indicators, such as the moving average and Fibonacci levels. He believes that BTC is currently in a bearish trend and that the $91,750 support level is crucial. If BTC breaks below $91,750, it could trigger further selling and lead to a drop to $80,000 or lower. However, if BTC manages to hold above this level, it could indicate a reversal of the downtrend.

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