Bitcoin prices plunged to their lowest level since November of last year on Thursday, triggering a significant sell-off in the cryptocurrency market. The decline was driven by sharp drops in gold and stocks in early U.S. trading, but while these markets have rebounded significantly from their lows, cryptocurrencies have failed to follow suit, highlighting the sector's relative weakness. Matt Mena, cryptocurrency research strategist at 21Shares, stated that holding the $84,000 support level is crucial for Bitcoin. He noted that if this support level fails to hold, the next target is the $80,000 level where market buyers entered the market last November; a break below that level would mean Bitcoin could fall to the $75,000 low reached during the tariff controversy in April 2025. John Glover, chief investment officer at Bitcoin lending platform Ledn, believes today's sell-off is part of a broader correction since Bitcoin hit its all-time high in October. This decline could ultimately push Bitcoin's price down to $71,000, a 43% drop from $126,000 in early October. Russell Thompson, Chief Investment Officer of the Hilbert Group, stated, "Technical support levels have been broken, and I believe Bitcoin currently lacks support; the price could fall to $70,000."