Bitcoin Price Rebounds from Lows, But Analyst Warns of Potential Drop Below $80,000

Bitcoin (BTC) has managed a recovery from its lowest points seen earlier this week. However, market analysts caution that this bounce might be temporary. One prominent analyst suggests the leading cryptocurrency could face another test, potentially falling below the key $80,000 psychological level in the near term. This warning comes amidst ongoing volatility in the crypto market, highlighting the uncertainty surrounding Bitcoin's short-term price trajectory. Traders are advised to monitor key support levels closely as the market seeks a clearer direction.