Analyst: BTC may experience a "larger pullback", dipping below the 100,000 USD liquidity area.

ChainCatcher News: According to Cointelegraph, the key support level for Bitcoin price remains at $100,000. Since surpassing $100,000 on May 8, it has stood firmly above this key level for more than three consecutive weeks. This level has become the core point of concern for traders, and it has not experienced a significant retracement test in the near future. Michael van de Poppe, founder of MN Capital, pointed out that Bitcoin is currently around $104,300 and may retreat further after being rejected by the $106,000 mark, and then regain upward momentum, with $100,000 still a key support level to keep an eye on. A chart shared by analyst CrypNuevo shows that Bitcoin failed to turn the $106,000 resistance level into a support level. "So we are likely to fall back to the psychological $100,000 mark and test the 150-day exponential moving average," he said. ” Well-known analyst AlphaBTC predicts that if Bitcoin breaks below the $100,000 support, there could be a deeper pullback, and the price could fall to $90,000. "With this larger pullback unfolding in early June, BTC is likely to trade sideways for some time, awaiting more data and the outcome of the Fed's June 18 meeting," he noted. ”