logo

How low can the Bitcoin price go?

By: WEEX|2025/08/06 01:30:00
0
Share
copy

Key takeaways:

  • Bitcoin fell 12% from its June 23 peak, briefly dipping below $100K (first time since May 8).
  • Liquidation heatmap indicates potential drop to $97K, with rounded top pattern suggesting $74K possible.

BTC has lost 4.6% this week after peaking at $109K, signaling weakening momentum.

Bitcoin takes liquidity tumbling below $100,000

Bitcoin tumbled to $98,240 on June 22 following President Trump's announcement of military strikes on Iranian nuclear facilities, extending its decline to 12% from the May 22 all-time high of $112,000. The sharp drop precipitated a wave of derivatives liquidations across cryptocurrency markets.

The market response highlights both the sensitivity of crypto assets to geopolitical events and the resilience of Bitcoin's underlying demand structure at key psychological price levels.

BTC rounded-top pattern targets $74K

Bitcoin is forming a potential rounded top pattern on daily charts, indicating possible bearish momentum ahead. This inverted U-shaped formation suggests a shift from accumulation to distribution. Bulls are currently defending the key $100,000 psychological support level.

The $95,000 zone holds technical significance as the convergence point of the 100-day and 200-day SMAs, with the yearly open at $93,400 providing additional support. The critical $93,000 neckline remains the decisive level for this pattern.

A daily close below $93,000 would confirm the bearish breakdown, potentially triggering a 27% decline toward $74,730. Bitcoin now faces a crucial technical crossroads at this $93,000 threshold.

You may also like

PIKZ AI Coin Price Prediction & Forecasts for January 2026 – Could It Surge Post-Launch?

PIKZ AI Coin has just hit the market, launching on Ethereum today, January 14, 2026, at around 2:00…

FOGO Coin Price Prediction & Forecast for January 2026: Can This New Layer 1 Surge Past $1?

FOGO Coin has burst onto the scene as a fresh Layer 1 blockchain, launching just days ago on…

What is Fractal Bitcoin (FB) Coin?

Fractal Bitcoin (FB) Coin has recently made an appearance on the cryptocurrency stage with its listing on WEEX.…

Fractal Bitcoin (FB) Coin Price Prediction & Forecasts for January 2026: Could It Surge 25% Amid Scaling Innovations?

Fractal Bitcoin (FB) Coin has been making waves in the crypto space as a innovative scaling solution for…

AnchorX (AxCNH) Coin Price Prediction & Forecasts for January 2026 – Could It Rebound After Recent Dip?

AnchorX (AxCNH) Coin, tied to the Conflux ecosystem on the CFX eSpace mainnet, has been making waves since…

爱你老己 明天见 Coin Price Prediction & Forecasts for January 2026: Could This Meme Token Surge 50% Amid Viral Buzz?

The 爱你老己 明天见 Coin, a fresh meme token born from a viral Twitter trend about playful goodbyes like…

Popular coins

Community
iconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com