Crypto analyst Pentoshi has shared insights on Bitcoin’s potential price shifts, warning of a possible decline if support levels are broken. He predicts a drop to the mid-$90,000 range if prices fail to hold between $101,000 and $102,000. Despite this risk, he remains optimistic about Bitcoin’s long-term trajectory, highlighting its upward trend in recent market cycles. Pentoshi points out significant differences compared to 2021, where the dominance of monetary tightening has transitioned into a scenario where demand plays a crucial role in market equilibrium. He notes that while past challenges like monetary policy have impacted Bitcoin’s price, today’s dynamic relies heavily on demand, which could potentially lead to higher prices as it surpasses current production levels. Pentoshi urges investors to be patient and maintain long-term investment perspectives, emphasizing the importance of closely monitoring support levels before making decisions. He predicts that Bitcoin may reach $120,000 after overcoming recent price dips.