One of the few analysts who accurately called Bitcoin’s 2025 top believes BTC needs to hold one key level to avoid a price collapse.
The pseudonymous analyst KillaXBT tells his 201,600 followers on X that Bitcoin may attempt to break through resistance around the $80,000 level in the near term.
However, he shares a chart warning that Bitcoin may enter a downtrend if BTC drops below $75,000.
“‘Bulls do not want to lose this.’ As we can see, the weekly open held along with the gap fill. There’s a high chance we sweep $78,000 this week, and if we do, BTC could extend into a partial fill of the $79,000 gap around $78,650-$78,850. If that happens, I’d watch for acceptance before looking at scalp shorts.”
The trader also says that Bitcoin needs to reclaim the $80,000 range to confirm a bullish trend.
“If we stay below the $80,000 region, I’d expect something along these lines to play out. We had acceptance back into the range, followed by two red candles. I expect MMs (Market Makers) to squeeze late shorts by pushing price higher first, before reversing and sending price back down toward the $74,000 region.”
Lastly, the trader warns that BTC may correct to the realized price level currently at $54,000.
The realized price metric is an on-chain indicator that calculates the average price of all Bitcoins in circulation based on the price at which they were last moved.
“If we’re genuinely headed lower, BTC probably has another three to four months left in this move [to $54,000]. If we don’t revisit those lower levels below $60,000 within that timeframe, there’s a good chance we never see them at all.”
Bitcoin is trading for $75,652 at time of writing, down 1.2% on the day.
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The post ‘Bulls Don’t Want To Lose This’ – Analyst Outlines Key Level for Bitcoin To Avoid Sparking a New BTC Leg Down appeared first on The Daily Hodl.
One of the few analysts who accurately called Bitcoin’s 2025 top believes BTC needs to hold one key level to avoid a price collapse. The pseudonymous analyst KillaXBT tells his 201,600 followers on X that Bitcoin may attempt to break through resistance around the $80,000 level in the near term. However, he shares a chart
The post ‘Bulls Don’t Want To Lose This’ – Analyst Outlines Key Level for Bitcoin To Avoid Sparking a New BTC Leg Down appeared first on The Daily Hodl. Bitcoin, analysis, BTC, News, Price
This articles is written by : Nermeen Nabil Khear Abdelmalak
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