Bitcoin’s sharp weekend drop triggered fresh liquidations, with analyst Eric Crown warning the market may face months of further downside.

Bitcoin (BTC) and other cryptocurrencies has begun sliding and crashing in chunks. By Jan. 30, Bitcoin was trading at $81,847.15. This is a 21% slide in a year. As Bitcoin sentiment continues to decline, analysts are predicting bear market conditions to last longer and with lower price targets.

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Bitcoin, as well as other alternative cryptocurrencies, experienced sharp price declines on Thursday and have yet to bounce back just one day later. Bitcoin fell to the lower $84,00 range yesterday and continued to slip into the early morning hours, hitting as low as $81,600.

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Bitcoin fell sharply on Saturday, tumbling below $80,000 to the lowest levels since April 2025 as part of a broader decline for digital assets.