Pundit Says Bitcoin Price Crash Is Not Over, Why A Decline Below $100,000 Is Coming

Mihai Jacob, a well-known market watcher, says the Bitcoin price rally that followed Powell’s Friday speech may not be as strong as it first looked. The charts, he explains, continue to flash signs of weakness that should not be ignored. According to Jacob, the flagship cryptocurrency could still face another sharp decline, and a drop below $100,000 remains a real risk despite the short-term optimism. Powell’s Speech Gave Bitcoin Price A Lift, But Charts Tell A Different Story Jacob explains that in his earlier analysis, he noted the $110,000 zone as a key level for Bitcoin source: https://www.newsbtc.com/news/bitcoin/bitcoin-price-below-100000/