Bitcoin recently peaked at over $108,000 on Dec. 17 but has since fallen by more than 10%, currently trading around $97,150. Analysts suggest the cryptocurrency could recover above $100,000, as ...

The sharp slide has breached the 14-year-long ascending trendline, pushing the MACD histogram below zero on the half-yearly price chart.

Bitcoin hovered around $107,800 on Monday afternoon. Should the token rise another 6% to clear the $114,000 mark, it could spark a fresh rally of as much as 25% to $143,000.