Bitcoin Faces Make-or-Break Weekend as Market Crash Fears Grow

Bitcoin is approaching a make-or-break weekend. After failing to hold $83,000, the cryptocurrency is now facing a more uncomfortable level at $80,000. Analyst Benjamin Cowen warns that a weekly close below $83,000 on October 25 would strengthen his bearish outlook for the rest of 2026. His warning comes as Bitcoin faces pressure well beyond its own price chart. Why Bitcoin’s $80,000 Level Matters The latest failed rally has already punished bullish traders. During one four-hour selloff, long positions accounted for $91.19 million of $95.22 million in crypto liquidations. More concerning, Glassnode estimates that companies holding Bitcoin on their balance sheets paid about $80,000 per coin on average. Falling below that level would put the average corporate treasury position into a loss.

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