Bitcoin risks drop to $101K if $106K support fails, says analyst

Crypto analyst Justin Bennett warns that Bitcoin (BTC) could face a significant correction if it fails to hold the key support level at $106,000, according to The Daily Hodl. In a recent strategy session, he noted that a confirmed breakdown could push BTC to successive support levels at $101,000, $97,000 and potentially $92,000. However, if BTC rallies from its current level around $107,560 and reclaims $110,000, the bearish outlook would be invalidated, signaling a potential continuation toward new all-time highs.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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