Bitcoin Below $100K? Veteran Trader Sees It as a Buying Opportunity

A crypto analyst recognized for calling the peak of the 2021 bull run is preparing to load up on Bitcoin if it slips beneath the $100,000 threshold, signaling confidence in the digital asset’s long-term trajectory.

The trader, known by the alias Pentoshi, stated that he recently began building a new Bitcoin position, picking up 25 BTC with plans to expand significantly if prices hit what he considers a major support zone near $94,000.

Although the market failed to breach his target of $120,000 in its most recent rally, Pentoshi said he remains undeterred. “That zone around $94K is where I’d like to get aggressive,” he noted, describing the area as a key accumulation range regardless of short-term price action.

He acknowledged that macro uncertainty and geopolitical tensions may put additional downward pressure on the asset in the near term, but emphasized that his outlook is based on a broader, multi-year time frame.

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For those hoping to time the bottom, Pentoshi warned against blindly following his moves, pointing out that market volatility could drive prices even lower in the short run.

Looking further ahead, the analyst believes the gradual erosion of fiat value—particularly the U.S. dollar—will push more investors toward Bitcoin as a hedge against monetary debasement. “People are waking up,” he suggested, hinting that the structural shift away from traditional currencies could serve as the next major tailwind for BTC adoption.