Analyst sets timeline when Bitcoin will drop below $100,000

Following Bitcoin’s (BTC) sharp drop on Monday, an analyst has pointed to technical indicators suggesting the asset could fall below the crucial $100,000 level. According to TradingShot’s analysis, the maiden cryptocurrency is testing its 20-week moving average (MA) near $112,500, a level that has historically acted as a launchpad for the final leg of previous bull cycles. Bitcoin price analysis chart. Source: TradingView In the analysis shared on TradingView on September 22, the analyst noted that based on historical data, whenever Bitcoin closed below the 1W MA20, the price tended to decline further until finding support at the 50-week MA source: https://finbold.com/analyst-sets-timeline-when-bitcoin-will-drop-below-100000/