Cryptocurrency analyst and trader Jason Pizzino expresses a negative outlook for Bitcoin (BTC ($100,322.00)) 
$96,853 in his recent market assessment. He suggests that Bitcoin may continue to lose value and remain below its peak level of approximately $108,200.
Support Levels and Potential Declines
According to Pizzino, the critical support level for Bitcoin is currently around $91,750. He emphasizes that if Bitcoin drops by 50%, it may reach this level, increasing the likelihood of a decline to the range of $83,500 to $82,000 within the next week or two.
“If it falls below 50%, this level is around $91,750. In such a case, the likelihood of a decline to the $83,500 to $82,000 range increases within the next week or two.” – Jason Pizzino
The widely-followed analyst notes that if Bitcoin falls below $85,000, the correction might extend further.
“If everything falls, you start seeing closes below $73,000, $74,000; these were previous peaks. This is a concerning sign. It’s not certain, but the market looks very weak.” – Jason Pizzino
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