coindesk
Bitcoin May Tank to $100K as Friday’s BTC Crash Reinforced 2017–21 Trendline Resistance
Related Cryptocurrencies
BTC
Bitcoin
$115,040
+3.20%
TL;DR
Bitcoin's failure to sustain gains above a critical trendline from 2017 and 2021 highs raises concerns of a potential drop to $100,000 or lower, with technical indicators pointing towards bearish momentum.
Summary
Bitcoin's failure to sustain gains above a critical trendline from 2017 and 2021 highs raises concerns of a potential drop to $100,000 or lower, with technical indicators pointing towards bearish momentum.
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