How Low Can Bitcoin Go? Analysts Weigh In

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Bitcoin dipped below $100,000 for the first time in six weeks, prompting predictions that BTC price would fall further to $93,000, with a possible bottom of $74,000.

Bitcoin price deviated 12% from its all-time highs on June 23, dropping below $100,000  for the first time since May 8.

The 24-hour liquidation heatmap suggests a $97,000 short-term target, with a rounded top pattern predicting Bitcoin’s price can go as low as $74,000.

Bitcoin price has declined by more than 4.6% over the last seven days after rallying to $109,000 at the beginning of last week.

Bitcoin’s price drop coincides with a marketwide drawdown fueled by geopolitical uncertainties as Iran’s nuclear sites were targeted by US airstrikes. The ensuing sell-off has left market participants wondering how much deeper the price can go.

Bitcoin takes liquidity tumbling below $100,000
BTC price fell as low as $98,240 on June 22 after US President Donald Trump confirmed strikes on nuclear facilities in Iran. This extended the drawdown from the May 22 all-time high of $112,000 to 12%, which was accompanied by significant liquidations across the derivatives market.


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