The Recent Bitcoin Price Crash

The recent Bitcoin price crash below $90,000 shocked the crypto community, especially with expectations of a continued bull market rally. Despite volatility and ongoing declines, crypto analyst Alixjey predicts a more significant crash, estimating that Bitcoin could fall to $63,000 if a certain resistance level holds.

Bitcoin’s Resistance Level

TradingView analyst Alixjey states Bitcoin must break past $99,500 to rise further. If this resistance holds, the leading cryptocurrency may decline to $63,000.

The last time Bitcoin neared the $60,000 range was during its massive rally in 2024, following the launch of Spot Bitcoin ETFs. Given Bitcoin’s high of $104,000 this year, a drop to $60,000 would severely impact investors and the market.

Imminent Price Crash

The analyst shared a chart indicating that Bitcoin could either rise to $106,000 or fall to the $60,000-$65,000 range if resistance holds. This price drop may present a buying opportunity for long-term investors, offering a low entry point into the market.

During Bitcoin’s highs, many retail investors likely found it hard to buy due to the rising costs. Most accumulations were made by whales purchasing large amounts of Bitcoin.

Alixjey identifies the projected $60,000-$65,000 downturn as a final chance to re-enter the Bitcoin market, viewing it as an ideal HODLing point for potential profits in Q3 and Q4 of 2025, implying a future price rebound.

The expert also pointed out two liquidity levels in the 4-hour timeframe likely to be cleared soon. He remains bearish on Bitcoin’s price outlook, noting that his short-term pullback projection will only change if the cryptocurrency surpasses the resistance between $94,000 and $98,000.

Market Volatility Factors

Bitcoin’s volatility may also be influenced by Non-Farm Payroll (NFP) data. Alixjey predicts this data release could trigger significant volatility in stocks and crypto, urging investors to stay cautious as major economic reports often affect market movements.

Upside Potential After Declines

Many analysts, including AICean CMO Herbert Sim, share bearish projections for Bitcoin, anticipating a severe price correction before potential recovery. Sim forecasts a crash to $40,000 but believes it will be short-lived, lasting weeks or possibly months. However, he assures long-term HODLers may see profits once Bitcoin rebounds from bearish trends.

Featured image from Adobe Stock, chart from Tradingview.com