Bitcoin (BTC) is facing the possibility of breaking down below the $27,000 support level, according to traders. At the time of writing, BTC/USD was trading at around $26,800 after crossing the $27,000 mark multiple times the previous day. The low liquidity in the market has caused a lack of activity from the largest-volume traders who may be waiting for pockets of liquidity before making any moves. Many traders expect the choppy price action to continue, and while bullish in the long term, the trading group Stockmoney Lizards has offered a potential downside target of $25,000 with the 25-week simple moving average potentially serving as a support line. However, some traders see BTC attempting to retest a well-known chart pattern’s neckline, potentially leading to a break to the upside. This article does not provide investment advice or recommendations and urges readers to conduct their research before making any investment or trading decisions.