Will Bitcoin crash below $100k again this week?

Bitcoin ( BTC ) is back above $100,000 on Thursday, November 6, although the flagship digital asset is still trading way below its record highs seen approximately one month ￰0￱ down around 5% this week and trading at $101,970 at the time of writing, the “digital gold” briefly slipped below $100,000 on November 5 for the first time since June, following the broader crypto market, which recorded nearly $1 trillion in monthly losses on the same ￰1￱ weekly price.), ranging between $108,000 and $112,000, while the 200-day EMA at $108,705 remains a firm ￰2￱ indicators are also ￰3￱ relative strength index ( RSI ) stands at 37.85, showing oversold conditions and no bullish divergence, while the moving average convergence divergence ( MACD ) histogram at -660 confirms downward pressure.

Accordingly, a sustained close below $98,000 could trigger further liquidations toward $92,000, lows not seen since the ￰4￱ image via Shutterstock