Will it drop below $100,000?
The possibility exists, as the price is very close to the $100,000 barrier, and the current declines indicate selling pressure in the market. Here are some important indicators:
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🔍 Indicators Suggesting a Drop:
1. Selling pressure continues: More than one major cryptocurrency (such as ETH and SOL) has dropped by percentages ranging from 7% to 10%.
2. There is no strong support visible at the $100K mark.
3. The market is currently volatile due to news, which may lead to breaking the $100,000 support level.
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🛑 But be careful:
$100,000 is a strong psychological and technical support level, and if it is not clearly broken, the price may bounce back from it.
Some whales or large investors may intervene to buy at this level.
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🔔 My advice to you:
Watch the price closely; if it strongly breaks $100,000 with high trading volume, it is likely to continue dropping to levels of $97K - $95K and maybe lower.
And if it bounces back from there, it’s an opportunity to enter a short buy position.
