Bitcoin Slips Under $100K as Analyst Calls It Quits

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The bears are back in town, and BTC has dropped below $100,000 for the second time this week as the overall market sentiment remains highly bearish.

This has prompted even some of the most optimistic analysts to change their tune on bitcoin, including Merlijn The Trader, who outlined a crucial warning sign that has led to numerous rejections in the past or even the start of a subsequent bear market.

His warning comes as BTC was stopped at just over $104,000 on Wednesday and pushed south to $100,500 yesterday. The asset managed to remain within a six-digit price territory on Thursday, but it gave in minutes ago and dipped to $99,700 (on Bitstamp).


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