Bitcoin (BTC) continues to struggle below the $100,000 mark, suggesting that recent price drops could be more than just a temporary market correction. Despite the unsettling nature of these fluctuations, cryptocurrency markets remain known for their inherent volatility, attracting both bulls and bears. Currently, this volatility has negatively impacted buyers pushing prices lower. Analysis of the USDT market cap graph shows a potential for further sell-offs with experts predicting significant declines based on a ‘death cross’ signal observed in the MACD on the weekly chart. This historical indicator typically predicts 15-21% drops, warning of possible deeper lows if the trend continues. If this trend persists, BTC could drop closer to $70,000. However, past performance is not a reliable predictor of future outcomes and such a drop might trigger a larger crisis than the FTX or COVID events. 2 0 Investors accustomed to Bitcoin’s higher price levels may struggle to comprehend the extent of the loss, although BTC has clearly weakened. The current decline mirrors Bitcoin’s previous retreat from $69,000 to the $30-40,000 range, suggesting a potential for further downturns. 1 MicroStrategy experienced significant drops today, plummeting over 7% to its lowest level since October 2024. This stock has fallen by 55% since October 6th and is mirroring one of its sharpest declines, comparable to the dot-com bubble burst. Such a decrease is notable for MSTR. Meanwhile, Bitcoin hovers around $85,000, slightly below its daily low and under the crucial $88,000 support level. Market sentiment suggests prices may close out 2023 at even lower levels. This outlook is also reflected in options markets, where bearish sell options are now dominant, contrasting with last year’s bullish call options. DaanCrypto highlighted this shift in market sentiment, stating: ‘What we are witnessing here is the current price calculated based on average monthly volatility. Depending on market sentiment, trends, or potential upcoming catalysts, this price can shift higher or lower.” 2 0