Bitcoin Risks Fresh Drop to $83K if it Loses One Key Support

In Brief

• Bitcoin’s failure to break above $93,120 has triggered a retrace, with a potential drop to $83,000.
• The current drop reinforces broader concerns that Bitcoin’s downtrend remains intact.
• Altcoins are also sliding as Bitcoin weakens, with several major assets posting notable 24-hour losses.

Shedrach Kongvong 2025-12-05

Bitcoin has yet started another price drop after showing some signs of recovery by surging to over $93,000. Currently at $90,000, an analyst has warned that the number one digital asset may crash back to $83,000 if this critical level is breached.

The analyst Titan of Crypto shared his opinion on X, saying that Bitcoin has failed to break above $93,120 and so is in a retrace. He added that the level around $88,000 is the place to watch closely and that losing that key support could take the price of Bitcoin down to $83,900 again.

#Bitcoin $89,000 next?#BTC took the previous weekly high and failed to break above the 🔵 Kijun.

A pullback toward the 🔴 Tenkan from here makes sense. That’s the key level to watch.

If it cracks, next support sits around $83.9k. pic.twitter.com/TUNqMmHubw

— Titan of Crypto (@Washigorira) December 5, 2025

Bitcoin Fails to Break Out Again

Bitcoin has repeatedly attempted to break out of a range it has been trading in for weeks. The highest price it has reached during this time is $93,000, which revived positivity about a breakout. However, the price has started another drop, currently sitting at $90,000 with signs of a continuing drop.

As the analyst said, the next reasonable price is at $88,000 and Bitcoin needs to hold it for the price drop to be reversed. If it fails, the coin will be heading to the low recorded after a 31% correction at $83,000, confirming that the downtrend is not yet over.

Crypto analyst Ted had warned that Bitcoin may make some impressive price recovery even above $100,000, but it doesn’t mean that the trend has ended or that a reversal has started. He compared such a pump to that of the 2022 cycle in which the coin reached an impressive milestone before a massive 50% correction.

With Bitcoin displaying weakness, the higher price pump Ted expects may not be in view yet, which probably indicates a worse fate for Bitcoin than initially thought. This also means that the chances of a new all-time high for the coin may still be far away, as Ted has also predicted.

Altcoins Suffer as Bitcoin Breakout Fails

As Bitcoin’s breakout is being delayed, altcoins are partaking in the pain, as many top assets continue to bleed. At the moment, Solana is leading in losses with 6.97% in the last 24 hours. Other assets outside of the top ten are suffering an even worse fate, such as Hyperliquid which has lost 9.85% in the last 24 hours according to Coinmarketcap data.

As usual, a further drop in Bitcoin’s price will potentially lead to a more devastating fall for altcoins than is currently seen. Nonetheless, bulls still remain positive that the coin will eventually break out no matter how long it takes.