Bitcoin's continued downtrend sees it slipping below the $95,000 mark as the broader crypto market experiences turmoil. The bearish sentiment is overpowering as market sentiments plunge to 30, indicating a state of fear among investors. Currently, Bitcoin's price is targeting a crucial support range, raising questions about how much lower it might go.
The market’s fear and uncertainty suggest a liquidity test is underway. This could potentially pull Bitcoin further down, challenging the efforts of bulls trying to maintain a rally. Investors remain watchful as the situation unfolds, with pivotal support levels being closely monitored.