Bitcoin Price Crash To $100,00 Loading: Next Targets Revealed As Bears Take Over

A crypto analyst, MelikaTrader94, predicts that Bitcoin's price will crash below $100,000 due to growing bearish pressure in the short term. The analyst's technical analysis shows that Bitcoin has consistently respected a descending trendline, which has rejected price action multiple times, hinting at a correction downward. The chart suggests that the price lacks momentum, making another rejection likely, which could lead to a correction towards the $99,000 region, a key horizontal support zone. This pullback is consistent with typical market behavior after an extended bullish phase and could shake out weak hands, providing fresh opportunities for buyers. The analyst believes that a drop to the $99,000 support zone is critical for determining Bitcoin's next rally. If the support holds, Bitcoin could begin forming a strong bullish continuation structure, potentially triggering a breakout above the descending trendline. A sustained move above this trendline could invalidate the short-term bearish structure and set the stage for a new all-time high, with price targets extending beyond $114,000. The analyst urges investors and traders to keep an eye out for a strong bounce, as this projected pullback could be a healthy one that comes just before a bullish leg up. The market is preparing for a big move, and the analyst's narrative suggests that Bitcoin's consolidation around its current price, followed by a possible dip to the well-established support zone, fits this narrative. Overall, the analyst predicts a significant price rally to new all-time highs after the pullback.