Bitcoin (BTC) was trading at $101,900 on Sunday, a significant drop from its year-to-date high of over $126,300.その時価総額は約2兆ドルまで減少した。

BTC price chart |Source: crypto.news

The coin also formed a double top pattern at $124,496 and a neckline at $107,390. Most importantly, on November 1st, the 50-day and 200-day moving averages crossed, forming a death-cross pattern.

Therefore, the coin is likely to continue declining as sellers target last June’s lowest level at $98,220 as a key support.このレベルを下回ると、さらに下値が生じ、95,000ドルまで下落する可能性があります。