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Why Bitcoin Keeps Crashing — And Whether $80,000 Could Be Next
The Macro Story Is Breaking Down, and the Market Is Being Forced to Reprice Reality
Bitcoin has spent the past several weeks grinding lower, erasing nearly a year of gains and dragging sentiment into one of the worst fear cycles since early 2023.
After topping at $126,000 in October, BTC has been unable to reclaim six-figure territory — instead sliding below $90,000, briefly tagging ~$89K before bouncing.
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The big question for traders now is simple:
Why is this happening, and is $80,000 the next target?
The answer isn’t one single event — it’s a chain reaction.
Multiple pillars that were supporting Bitcoin’s parabolic run collapsed at the same time, creating the perfect environment for a deep correction.
Here’s the full breakdown.
1. The Macro Thesis That Drove Bitcoin to $126K Has Been Invalidated
For most of 2024, Bitcoin rallied on top of a very clear, very simple narrative:
