Bitcoin has fallen below its Bull Market Support Band, a crucial technical level, signaling potential bearish conditions. Analysts caution that a decline past the 730-day simple moving average at $81,250 could confirm a bear market. Over the past week, Bitcoin has decreased by 8.5%, with a 14-day drop of 18% and a 30-day decline of 21.8%. Daan Crypto Trades points out a $20,000 gap between the current price and the support band. Meanwhile, Rekt Capital suggests that a weekly close above $86,000 could propel Bitcoin to $93,000, though failure to maintain this level might result in a consolidation phase.