Bitcoin Plunges 5.5% This Week: Experts Explain Volatility & Future Outlook

• Bitcoin declined over 5.5% this week, trading at $87,098.96 after falling to $84,460.
• Akshat Siddhant (Mudrex) notes Bitcoin is in an "extreme oversold zone," with $84,000 as key support.
• Riya Sehgal (Delta Exchange) states a sustained move above $89,300 is needed for a trend reversal.
• CoinSwitch Markets Desk attributes the fall to heavy leverage and liquidations after failing to hold $89K post-CPI rally.
• Nischal Shetty (WazirX) highlights global factors like ECB rates, Bank of England cuts, and China's trade experiment influencing market sentiment.

Why It Matters: Bitcoin saw a 5.5% weekly drop due to leverage and global economic factors; $84K support is crucial.