Bitcoin is currently experiencing a downtrend despite positive long-term projections. Short-term weakness and declining demand have led to increased selling pressure and uncertainty in the market. Long-term holders are accumulating Bitcoin, but this may precede periods of price weakness. Bitcoin's price is within a descending wedge pattern, indicating a higher likelihood of continued downside. A short-term price prediction suggests a potential drop below the $80,000 support level. However, if investor sentiment shifts and accumulation increases, Bitcoin could regain bullish momentum and potentially reach $87,041.



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