🔥 Bitcoin Price Analysis: BTC Risks Dropping Toward $80K if it Fails to Reclaim $100K Soon !
👀 Bitcoin has failed to sustain its rally above the $100K level and has been correcting over the last week.
Yet, a bullish continuation can materialize soon.
Technical Analysis
By Faheem
The Daily Chart
On the daily chart, the asset dropped below the $100K level last week and has failed to climb back above it since. While the $90K support zone has held the market, preventing it from dropping lower, the price has failed to break above the $100K level yet again and is getting rejected to the downside.
This could result in a deeper continuation below the $90K and toward the $80K area in the coming weeks if the price fails to break back above $100K.
