Bitcoin Price Crash Incoming? Why A Fall To $63,000 Is Possible If This Resistance Holds

Scott Matherson

4 months ago

4 mins read

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The recent Bitcoin price crash below $90,000 came as a shock to the broader crypto community, especially amid expectations of a continued bull market rally. Despite the volatility and ongoing declines, a crypto analyst projects an even greater crash, suggesting that Bitcoin could fall as low as $63,000 if a certain resistance level holds.

TradingView crypto analyst Alixjey has declared that the Bitcoin price must break past $99,500 to continue moving higher. He highlights that if this resistance holds and Bitcoin fails to break it, the pioneer cryptocurrency will likely face a steeper price decline to new lows of $63,000.

The last time Bitcoin was around the $60,000 range was during its massive price rally in 2024 after the launch of Spot Bitcoin ETFs. Considering that Bitcoin has risen as high as $104,000 at one point this year, a crash toward $60,000 would be a devastating blow to investors and its market.

Bitcoin Price Crash Imminent

The TradingView analyst shared a chart suggesting that Bitcoin could rise as high as $106,000 or drop toward the $60,000 to $65,000 range if it fails to break resistance. This price drop is highlighted as a strong buying and accumulation opportunity for long-term investors, as it presents a low entry point into the market.

During its price highs, many retail investors were likely unable to buy Bitcoin due to its increasing cost. Most accumulations were from whales who had purchased millions of dollars worth of Bitcoin in one swoop.

Alixjey has also labeled his projected $60,000 – $65,000 downturn as the last chance to re-enter the Bitcoin market, emphasizing that it was a prime HODLing point for potential profits in Q3 and Q4 of 2025. This implies that the analyst anticipates a price rebound in Bitcoin later in the year.

Moving on, the TradingView expert highlighted two liquidity levels in the 4-hour timeframe that are likely to be cleared soon. He also acknowledged that he was solely bearish on Bitcoin’s price outlook, indicating that his projected short-term pullback will not be invalidated unless the cryptocurrency crosses the resistance between $94,000 and $98,000.

Other factors that could contribute to Bitcoin’s already heightened volatility are the Non-Farm Payroll (NFP) data. AlixJey predicts that once released, this data could lead to high volatility in both stocks and crypto. He urges investors and traders to be cautious, as major economic reports often influence market movements.

Analyst Sees Upside Potential After BTC Crashes

Due to Bitcoin’s recent declines, many analysts have shared bearish projections of the cryptocurrency, expecting a severe price correction before a potential recovery. One such analyst is Herbert Sim, the Chief Marketing Officer (CMO) of AICean.

Sim projects that Bitcoin will crash to new lows, especially with the recent approval of a crypto reserve in the United States (US). He expects a crash to $40,000 but highlights that it will be short-lived, spanning from weeks, months, and possibly years. However, the AICean CMO suggested that investors who can HODL for the long-term are likely to see more profits once BTC rebounds from bearish trends.

Featured image from Adobe Stock, chart from Tradingview.com

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

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Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

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