Analyst sets date when Bitcoin could crash to $80,000
A trading analyst has warned that Bitcoin (BTC) could lose its $100,000 support and face deeper losses in the coming months if the bearish sentiment continues. In particular, Master Ananda’s Analysis indicated that a decisive break below $100,000 could open the door to a drop toward the $88,888 and $82,500 range, he explained in a TradingView post on June 22. According to the Analysis , Fibonacci retracement levels on the daily chart suggest that if Bitcoin falls through $100,000, it could quickly slide to around $88,000 at the 0.618 level, and potentially to $80,000 at the 0.786 level, areas where demand has appeared before. Bitcoin price analysis. Source: TradingView The analyst noted that a rapid selloff could follow without buyer support at these levels. Interestingly, this bearish setup depends on whether Bitcoin can hold above $100,000, which it has managed so far. If it does, a strong rebound is still the most likely outcome. The outlook also s...