Ali Martinez, a well-known digital currency technical analyst, has warned that Bitcoin may fall by more than 24% if it loses a key support area.

 Using the Unspent Transaction Output (UTXO) model, Ali Martinez has identified an important support zone between $97,041 and $93,806, and believes that breaking this level could lead to a fall to $70,085.

 He also mentioned the importance of maintaining the level of 99,000 to 97,000 dollars by referring to the basic cost distribution criterion.  At the time of writing, Bitcoin is trading at $93,235, down 2% in the last 24 hours.

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