Bitcoin, which recently touched $87,000 on March 20, has since dipped to $84,000, raising concerns about a potential further decline. A recent analysis highlights a bearish continuation pattern for Bitcoin, with predictions that the price could plummet to as low as $60,000. The Bitcoin Bull Score Index, which measures bullish market conditions, has dropped to 20, its lowest since January 2023, indicating a weak investment environment. Historically, scores below 40 have aligned with bear markets. Analysts note that if the price drops below key support levels, it could trigger a significant crash, projecting a potential 28% decline from current levels. Market experts, including CryptoQuant's Ki Young Ju, anticipate a bearish or sideways trend for the next 6-12 months. The overall market sentiment reflects a deteriorating investment landscape for Bitcoin, suggesting challenges ahead.

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