Bitcoin Price Plummets: Is the Crash Over?

Geopolitical tensions and market volatility have sent shockwaves through the cryptocurrency market, with Bitcoin taking a significant hit. After a prolonged period above the coveted $100,000 mark, Bitcoin’s price has experienced a sharp decline, raising concerns among investors.

Analyst Predicts Further Drop

Crypto analyst Master Ananda, in a recent TradingView post, highlights significant bearish patterns forming on Bitcoin’s charts. While the $100,000 level held for a time, the lack of sustained buying pressure suggests a continued downward trend. Over $1 billion in liquidations last week exacerbated the situation, shifting the momentum firmly in favor of the bears.

Ananda points to the weekly chart as particularly concerning, indicating a continuation of the bearish trend that started after Bitcoin’s peak at $111,900 on May 19, 2025. The analyst describes the current market outlook as “terrible,” with key support now significantly below $100,000.

Potential Support Levels and Scenarios

With the $100,000 level breached, initial support might be found around $88,888. A failure to hold this level could trigger a further drop toward $82,500 before potential bullish intervention.

However, the possibility of a price rebound above $100,000 remains. In such a scenario, Ananda foresees a rapid upward movement, potentially retesting the upper trendline near $108,000. The analyst estimates that the market’s direction should become clearer within the next two weeks.

Analyst’s Concluding Remarks

Despite the current volatility, Ananda maintains a long-term bullish outlook: “Do not be afraid if the market shakes, Bitcoin is going up; Crypto will grow, regardless of the short-term.”

Featured image from Dall.E, chart from TradingView.com