🟡Bitcoin dropped below $100,000, marking its lowest level in four months amid accelerating ETF outflows and growing selling pressure. Analysts see further downside potential, identifying the $88,000–$95,000 range as a likely bottom zone. Trader HORSE warns of a possible false breakout, noting that retesting key psychological levels often triggers volatility spikes.
🟡According to Hyblock, a large cluster of long liquidity sits around $100,000, amplifying pressure on the price. Analyst Scott Melker points out that losing the 50-week moving average has historically led to corrections toward the 200-week MA, currently near $55,000. With institutions reportedly offloading holdings, the market remains fragile, and investors are bracing for a deeper correction.