Analyst Predicts Bitcoin Price Crash To $87,000 If This Happens

The current Bitcoin price crash is being driven by major sell-offs from large whales as they offload massive early BTC ￰0￱ addition to this, though, there are also chart formations that suggest that the Bitcoin price crash is only in its beginning ￰1￱ comes after the cryptocurrency closed the month of October in the red for the first time in seven years, setting a precedent for a likely bearish close to the ￰2￱ Low Trendline Needs To Hold The current Bitcoin price downtrend began after the cryptocurrency hit a new all-time high back in ￰3￱ rejection at $126,000 created the cascade of bearish pressure that has now plagued the market, causing major losses to altcoins as a ￰4￱ even with the price already crashing by a significant margin since then, it is likely that the decline is not yet ￰5￱ Reading: Analyst’s Full Market Breakdown Shows Why Bitcoin Price Is Headed For $120,000 Crypto analyst TradingShot highlights the current trend as being similar to what was seen back in January-February 2025, where a fractal formed after the Bitcoin price broke below its higher lows trendline.

Presently, the Bitcoin price chart is following a higher low trendline formed after the infamous October 10 flash ￰6￱ the analyst explains, this trendline needs to hold for a recovery to take ￰7￱ the event that the trendline does break, then the Bitcoin price could be in trouble, similar to what was seen at the start of the year. A rejection from this level would inevitably lead to a double-digit ￰8￱ the crash sticks to the same fractal seen in January-February, then the analyst predicts that a 32% decline could be in the ￰9￱ would put it on the 2.0 Fibonacci Extension level, and such a crash could mean a decline to as low as $87,000 before support is established ￰10￱ A Bearish October Means For The Bitcoin Price Interestingly, historical performance also supports the crypto analyst’s theory that a double-digit crash could be in the works for the Bitcoin ￰11￱ has to do with the performance in October and what the trend says could happen in the month of November as a ￰12￱ Reading: Dogecoin Volume Spike To $2 Billion Might Be Bearish, Here’s Why Whenever the Bitcoin price has closed October in the red, the subsequent month of November has always ended weakly as ￰13￱ last time that Bitcoin saw a red October close was back in 2018, and what followed was a 36.4% crash in ￰14￱ this, it is likely that the Bitcoin price does follow this trend, especially with major sell-offs from BTC whales.

Naturally, a double-digit crash would mean that the Bitcoin price will crash below $100,000 for the first time in four ￰15￱ image from Dall. E, chart from ￰16￱