Despite the Bitcoin price holding up quite nicely above $100,000 and remaining very close to its all-time high levels, there continues to be expectations of a massive crash that would rock the market. Pseudonymous crypto analyst FriendlyRox points to a number of indicators for this, going from volume to momentum, all pointing to a possible price crash. What is the expected result of this? Losing the $100,000 psychological level and then falling to previous peaks.
Bitcoin Price At Risk With Dwindling Volume And Momentum
In the analysis, FriendlyRox highlighted the decline in major metrics such as momentum and volume as the major driver of the forecasted price crash. This comes amid bullish news dominating the headlines, such as institutions increasing their Bitcoin holdings and supply
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