@everyone

**Wall Breaks, Market Participants Become Increasingly Pessimistic as Bitcoin Plummets to US$80 Thousand**

Crypto market participants are now increasingly confident that Bitcoin (BTC) will not only drop below US$100 thousand, but also has the potential to soar to touch US$80 thousand.

This belief is reflected in the market predictions on Polymarket, which recorded a 62% chance that Bitcoin will fall to that level. This negative sentiment is reinforced by technical conditions, where the price of BTC has experienced a sharp decline in the past week.

In fact, Bitcoin briefly dropped to US$99,000 on Wednesday (05/11) early morning, triggering a wave of liquidations worth more than Rp36 trillion in the derivatives market.

In line with most market participants, on-chain analyst CryptoQuant also predicts that selling pressure may continue in the near future.

"If the price fails to hold in the US$100,000 area, the possibility of dropping to around US$72,000 in the next one to two months will increase," said Head of Research CryptoQuant Julio Moreno.

This situation aligns with the bearish outlook of the majority of traders who believe the crypto market is entering a major correction phase. If the downward scenario continues, the US$80,000 level is projected to be the next psychological target, before BTC has a chance to recover.

*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*

-Source: Crypto Academy