Recent price drops for Bitcoin, plummeting to $103,605 and falling below the crucial $107,000 support level, have raised concerns among cryptocurrency investors. Crypto analysts are warning of further dips, with renowned trader Roman Trading predicting a significant correction that could push prices lower. Roman Trading’s bearish outlook is supported by long-term charts exhibiting bearish signals. Other analysts have also predicted price drops due to factors such as the monthly MACD crossover and insights from COINTURK. 1W Chart analysis by trading experts highlights a crucial support level around $98,000. This key area poses a critical challenge for Bitcoin’s future. The sell-off is largely attributed to long-term investors selling a significant amount of Bitcoin in recent weeks. These investors, based on historical data and anticipating that a peak may not occur after the Bitcoin all-time high, are contributing to the downward trend. However, despite the current market turbulence, Bitcoin remains close to six-figure levels. Should this price hold strong against aggressive selling pressure, it could trigger a significant rebound with buyers entering the market.