Bitcoin’s major safety net just snapped. Why a drop below $85,000 might risk more selloff

Bitcoin's major safety net has just snapped, raising concerns among investors and analysts alike. This significant development highlights the potential risks associated with the cryptocurrency's price decline, particularly if it falls below the crucial threshold of $85,000. Such a drop could trigger a wave of panic selling, leading to further selloff pressure in the market. As traders react to this breach of key support levels, it may initiate a negative feedback loop that exacerbates the situation, potentially driving prices down even further and affecting overall market sentiment. Understanding the implications of this dramatic shift is essential for anyone closely monitoring Bitcoin's trajectory in the rapidly evolving landscape of digital currencies. source: https://www.coindesk.com/markets/2026/01/29/bitcoin-s-major-safety-net-just-snapped-after-falling-below-usd85-000-here-s-how-low-it-can-go