The Bitcoin price crashed from as high as $106,000 to $102,000 on June 20, sparking sell-offs among investors. Now, crypto analyst Colin has indicated that the flagship crypto could still drop to as low as $92,800 and revealed what will happen if BTC gets there.
The Current Bitcoin Price Action And What To Expect
In an X post, Colin said that it looks increasingly likely that the Bitcoin price will see a retest of at least 100,800 as the first major level of support. The analyst made this statement as BTC dropped out of a bullish pennant for a second time. The measured target for this bull pennant is $150,000.
However, with the most recent breakdown, the Bitcoin price threatens to decline further before any
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