Bitcoin has broken below the psychologically crucial $100,000 level, signaling that the bears are in full control. The next strong support on the downside is at $87,800.
Key points:
Bitcoin has broken below the psychological support at $100,000, opening the gates for a potential sell-off to $87,800.
Several major altcoins are approaching their support levels but have failed to bounce with strength, increasing the risk of a breakdown.
