Matt Mena, a research strategist at 21Shares, stated that $100,000 is a psychological selling point for investors who have been holding Bitcoin since the last bull market. Mena believes that if the price of Bitcoin continues to fall, it could drop to $80,000. He stated that options traders focused on cryptocurrencies also support this view, with a large number of December-expiring option contracts betting on Bitcoin falling to $80,000. Mena still expects Bitcoin to rebound before the end of the year, and the holiday season may push Bitcoin up to the range of $110,000 to $BTC #ETH