Bitcoin’s price dropped below the crucial level of $100,000 on Tuesday, reaching its lowest point in four months. The decline was driven by intensified selling pressure from investors and increased outflows from spot Bitcoin ETFs. While the exact trigger for this sell-off remains unclear, analysts predict a potential bottom at around $95,000. Popular trader HORSE** highlighted a chart indicating a possible bottom formation if the $100,000 mark proves not to be a temporary trap. He suggests that Bitcoin’s price could slip below this level and become more attractive for investors. **Liquidation heatmap data from Hyblock** reveals that leveraged long positions at $100,000 are at risk of absorption, followed by thinner liquidity in the $88,000 range. Crypto media personality and trader Scott Melker** noted a similar trend, claiming that Bitcoin has lost its support at the weekly 50-MA four times in history. This usually precedes a price drop to test the 200-MA. He added that currently, Bitcoin is trading $700 above the 50 MA and sitting near $55,000 on the 200 MA.** On the other hand, **Tony Stewart**, an options trader, suggests that the sell-off could be attributed to the crippling of portfolios from the October 10th crypto market crash. This has resulted in significant Bitcoin liquidations of $20 billion and a larger sum across the entire market. **Analysts believe these crippled funds are driving the current selling.** While the exact identities of these entities remain unknown, they might hold substantial influence on Bitcoin’s price going forward. It’s important to note that this article does not offer investment advice or recommendations. All investments and trading decisions carry inherent risks, and readers should always conduct their own research before taking any action.**