Bitcoin is experiencing increased volatility below the $100,000 resistance level, and on-chain data indicates that further declines may be on the horizon. Over 33,000 BTC, worth more than $3.23 billion, have been transferred to cryptocurrency exchanges in the past week, suggesting that large holders may be preparing to sell their assets. On-chain analyst Ali Martinez suggests that Bitcoin could drop as low as $60,000, with the asset breaking below its critical support zone at $97,300. However, a sustained breakout above $100,000 could lead to a significant rally, potentially targeting $168,500. Financial educator Tony Vays warns that trading below $95,000 could accelerate the probability of a correction, potentially to the $73,000 zone. From a technical perspective, Bitcoin is currently above its 50-day simple moving average and its 200-day SMA, indicating strong upward momentum, while the 14-day RSI suggests a neutral stance.



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