The recent Bitcoin price crash below $90,000 has shocked the crypto community, and a crypto analyst is predicting an even greater crash to around $63,000 if a certain resistance level holds. The analyst believes that Bitcoin must break past $99,500 to continue moving higher. The last time Bitcoin was in the $60,000 range was during a previous rally in 2024. This potential crash to $60,000 would be a blow to investors, especially retail investors who were unable to buy Bitcoin at its highs. The analyst suggests that this downturn could be a prime opportunity to re-enter the market and anticipates a price rebound later in the year. Other factors that could contribute to Bitcoin's volatility include upcoming Non-Farm Payroll data. Another analyst predicts a crash to $40,000, but expects it to be short-lived, with potential for long-term profits once BTC rebounds.
Content Editor ( newsbtc.com )
- 2025-03-08
Bitcoin Price Crash Incoming? Why A Fall To $63,000 Is Possible If This Resistance Holds
