Global Markets Hit by Massive Sell Off as Bitcoin Drops to Critical $85,000 Zone

Global financial markets entered a sharp Sell Off this morning, with U.S. equities, gold, and cryptocurrencies falling simultaneously raising concerns about whether a “bubble burst” could be underway.

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📉 Major Assets in Red

Bitcoin -1.05%

Ethereum -2.62%

Gold -0.66%

Nasdaq -2.38%

S&P500 -1.56%

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Cryptocurrencies took the hardest hit. Bitcoin has now fallen more than 30% from its peak, breaking several psychological levels $100,000 → $90,000 → 3,000,000 THB before finally touching the critical support at $85,000

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🔍 Why is $85,000 such a crucial level?

Analysts highlight multiple key factors aligning at this zone:

- Fibonacci 38.2% retracement of the current uptrend

- SMA100 on the Weekly timeframe

- Cycle low at $75,000, which defines the entire uptrend

If Bitcoin holds above $85,000, the bullish structure remains intact.

But if it breaks below especially under $75,000 it signals that

“the current bull cycle may be over.”

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🔥 Triggered by Non-farm Payrolls (NFP)

Thursday’s NFP report intensified selling pressure across global markets, pushing Bitcoin into another sharp decline heading into today.