If the total cryptocurrency market cap closes below $3.58 trillion, Bitcoin's price is predicted to fall to the $108,000 - $110,000 range.
"If we do not get a rebound here, and we have a close below $3.58 trillion in total market cap, I do think that we are going lower. ... somewhere here that would put Bitcoin at around... $110,000, maybe $108,000, somewhere in this region."