The recent market downtrend has left many bitcoin investors and market enthusiasts in confusion. This is because predictors and a few factors point to a further downtrend, while some claim that the world’s leading crypto sits at a powerful support zone.

Obviously, BTC witnessed a significant price recovery last week, jumping by about 15% to surpass $93,000. However, this move was short-lived, as it plunged by $84,000 on Monday amid heavy selling by many holders, setting the new week off to a rough start.

The recent market downtrend has left many bitcoin investors and market enthusiasts in confusion. This is because predictors and a few factors point to a further downtrend, while some claim that the world’s leading crypto sits at a powerful support zone.

Obviously, BTC witnessed a significant price recovery last week, jumping by about 15% to surpass $93,000. However, this move was short-lived, as it plunged by $84,000 on Monday amid heavy selling by many holders, setting the new week off to a rough start.