Bitcoin Price Slips Below $102,000 — Here’s the Next Support in Sight

Bitcoin has dropped below $102,000, prompting analysts to forecast potential support at $100,000. Titan of Crypto highlights the significance of the Fair Value Gap and the Tenkan-sen in predicting price behaviour. Without a rebound, BTC may face challenges holding above this support. Currently, Bitcoin is around $102,845, showing a 0.4% decline within the last day.

Bitcoin is facing a rough patch this weekend, dropping sharply from its recent peak of $106,000 to just above the $103,000 mark by Friday, June 20. After some stabilisation around $104,000, things took another downturn. By late Saturday, June 21, it plummeted to approximately $101,500, raising questions about its future movements in the ever-volatile cryptocurrency market.

A prominent figure in crypto analysis, known as Titan of Crypto, has weighed in on Bitcoin’s latest struggles. He suggests that without a rebound in positive price momentum, the token might head towards a significant support level. According to his analysis, BTC could retest a critical range between $99,000 and $100,000 if bearish trends continue.