K33's Head of Research, Vetle Lunde, suggests Bitcoin (BTC) is enduring its most significant 43-day consecutive price drop since 2017. His analysis, reported by CoinDesk, indicates that Bitcoin's current price has dipped below the average purchase price of US Bitcoin ETFs. Lunde projects a possible bottom between $84,000 and $86,000 if the current downturn mirrors past severe declines. He cautions that breaching this level could lead to a retest of the April low and Strategi's average cost basis of $74,433. This Bitcoin price analysis highlights critical support levels to watch. Market participants should closely monitor these levels for potential buying opportunities or further downside risk. The analysis provides valuable insight into the current market dynamics and potential future price movements of Bitcoin. ```