Bitcoin at risk of deeper drop as BTC slips below key support levels
A revisit to the $100,000 level seems likely now that BTC price slipped below two key support levels.
Key point:
Selling accelerated on Tuesday, raising the chance for a Bitcoin price drop to $104,000.
Bitcoin (BTC) pulled back to $105,250 on Tuesday after failing to cross above the $109,000 mark on Sunday and Monday. Bitfinex analysts said in a market report that Bitcoin could have formed a local top or may enter a period of consolidation.