Bitcoin risks crashing to $80,000 as long bear-cycle signal emerges

Bitcoin’s (BTC) new bearish sentiment and historical price movement suggest that the maiden cryptocurrency may be entering a fresh downturn cycle. This outlook, shared by prominent online cryptocurrency analyst TradingShot in a TradingView post on November 11, came as Bitcoin slipped below the $110,000 mark. Analysis of weekly price charts shows that Bitcoin has been testing the crucial 50-week moving average (MA), a historically decisive level in cycle shifts. A sustained close below this indicator has previously triggered deeper corrections source: https://finbold.com/bitcoin-risks-crashing-to-80000-as-long-bear-cycle-signal-emerges/