Bitcoin has experienced a significant downturn, with prices plummeting amid heightened market volatility. The cryptocurrency's value dropped sharply, reflecting broader market trends and investor sentiment shifts. Analyst Michaël van de Poppe attributes the decline to a combination of macroeconomic factors and technical market dynamics, suggesting that traders should brace for continued fluctuations. The recent sell-off has seen Bitcoin's price fall below key support levels, raising concerns among investors about potential further losses. Market participants are closely monitoring economic indicators and regulatory developments that could impact the cryptocurrency's trajectory in the coming weeks.