Analyst sets timeline when Bitcoin will drop below $100,000

Following Bitcoin’s ( BTC ) sharp drop on Monday, an analyst has pointed to technical indicators suggesting the asset could fall below the crucial $100,000 ￰0￱ to TradingShot’s analysis, the maiden cryptocurrency is testing its 20-week moving average ( MA ) near $112,500, a level that has historically acted as a launchpad for the final leg of previous bull ￰1￱ price analysis chart.) of $114,614 but remains well above the 200-day SMA of $103,830. This positioning suggests that the market is consolidating, with short-term momentum lagging behind the medium-term average, while the long-term trend remains firmly bullish. Meanwhile, the asset’s 14-day RSI of 44.43 shows Bitcoin is neither overbought nor oversold, leaning toward the lower neutral zone, which reflects subdued buying ￰2￱ image via Shutterstock