Analyst expects BTC to turn bearish if its dips below $108K

Crypto analyst Daan Crypto Trades pointed to the likelihood for Bitcoin (BTC) to turn bearish if it breaks below $108,000, Cointelegraph reported. The current consolidation of BTC looks a little bit different from its earlier ones in this cycle, the analyst noted, explaining that it remains following the same pattern "where it stalls, deviates below, retakes the range and then grinds higher.” The flagship token lacks “the actual breakout and continuation,” he added. If BTC fails to hold the $108,000 support, it could drop below $100,000 again, according to the analyst.