Bitcoin fell below $90,000 for the first time in seven months, marking a single-day drop of 5.9% and a 28.7% decline from its October all-time high of $126,000. As the market searches for a floor, leading voices across venture capital, trading, and macro analysis have shared their views on potential support levels, timeframes, and the path forward.

Chris Burniske (Placeholder VC) – $75,000 or Lower Re-Entry

Burniske sees clear signs of a cycle top and is waiting for Bitcoin to retrace to $75,000 or below before re-entering. He notes lasting psychological damage from the October 11 flash crash, weakening monthly charts for BTC and ETH, and warning signals from MicroStrategy stock declines, gold, and credit markets that suggest a broader asset rotation is underway.

Arthur Hayes (BitMEX Co-Founder) – $80,000–$85,000 Bottom, Then $200K–$250K by Year-End

Hayes expects Bitcoin to test $80,000–$85,000 first, but views any deeper drawdown as a setup for a massive rebound. In his latest essay, he warns of a potential credit event if wider risk markets collapse, forcing the Fed and Treasury to “print money aggressively.” Under that scenario, he projects Bitcoin reaching $200,000–$250,000 by year-end.

Banmu Xia (Chinese Crypto Analyst) – Complex Consolidation, Final Bottom Near $84,000

Banmu anticipates a brief dip to $94,500, followed by a prolonged, highly volatile sideways period with possible rallies above $116,000 before the ultimate low forms around $84,000 or 6–8% lower.

Tom Lee (BitMine Chairman, Fundstrat) – 6–8 Week Recovery Window

Tom Lee attributes current weakness to a “liquidity hole” created by a major market maker raising capital after heavy losses. He believes the pain will ease after Thanksgiving (November 27), lasting 6–8 weeks total, and remains firmly bullish on Ethereum’s “super cycle” driven by Wall Street on-chain adoption.

Yi Lihua (Liquid Capital Founder, ex-LD Capital) – “Best Spot Buying Opportunity”

Yi calls the current level the optimal spot-buying zone, urging investors to “be greedy when others are fearful.” He views the one-month decline from the top as short-lived and believes fear exhaustion will soon flip sentiment.

Hong Hao (Bloomberg Businessweek Economist of the Year) – Meaningful Support at $70,000 Zone

Well-known Chinese economist Hong Hao posted that Bitcoin may not find meaningful support until the $70,000 region, implying further downside before stabilization.

Eugene Ng Ah Sio (Trader) – Already Adding ETH and SOL Longs

Trader Eugene Ng announced he has begun increasing long exposure to ETH and SOL, citing swing indicators in deeply oversold territory as a signal to re-enter risk.

Summary of Price Targets

• $80,000–$85,000: Arthur Hayes (short-term low)
• $84,000: Banmu Xia (final bottom)
• $75,000 or lower: Chris Burniske (re-entry zone)
• $70,000 zone: Hong Hao (meaningful support)

While opinions vary on exact levels and timing, the consensus leans toward additional downside or prolonged consolidation before a sustainable recovery. Most analysts agree the macro backdrop remains constructive long-term, with any deeper flush likely creating attractive accumulation opportunities for patient investors.