Bitcoin Price Plummets to $104K: Analysts Predict ‘Final Flush’ Before Rebound

A drop in Bitcoin price to as low as $104,000 has triggered discussions amongst analysts and traders on platforms like Twitter and TradingView. These experts predict a potential for the cryptocurrency to plummet before rebounding. Some believe institutional selling and broader macroeconomic pressures are fueling this decline. Key concerns include whether the Bitcoin price will fall below the crucial support level of $104,000, which could trigger further market declines. Analysts like Sykodelic and Negentropic have weighed in on this potential outcome.