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Home»Bitcoin»Bitcoin Could Crash by Double-Digit Percentage Points in a ‘Quick Move’ if This Support Level Fails, Warns Crypto Trader
Bitcoin

Bitcoin Could Crash by Double-Digit Percentage Points in a ‘Quick Move’ if This Support Level Fails, Warns Crypto Trader

June 6, 2025No Comments3 Mins Read
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Bitcoin (BTC) is currently facing a potential drop to levels not seen since early May, according to a well-known crypto trader operating under the pseudonym DonAlt. In a recent update shared with the 66,500 subscribers of the TechnicalRoundup YouTube channel, DonAlt expressed a bearish outlook for the leading cryptocurrency based on his analysis of Bitcoin’s daily time frame.

The trader highlighted a crucial support level, which has been holding firm since Bitcoin surged to a new all-time high of nearly $112,000. Should this support level fail to sustain, DonAlt believes that Bitcoin could experience a significant decline of up to 15% from its current price, potentially dropping back to the $90,000 range.

Describing Bitcoin’s recent rally to an all-time high as a “false breakout” on the daily time frame, DonAlt pointed out that successful breakouts typically do not retest previous support levels. The fact that Bitcoin is revisiting these levels indicates a lack of momentum and urgency in the market, according to the trader.

However, despite the bearish signals on the daily chart, DonAlt noted that Bitcoin appears more bullish on higher time frames such as the weekly and monthly charts. While the weekly outlook is slightly less bullish than the monthly one, both time frames suggest a positive trend for the cryptocurrency.

At the time of writing, Bitcoin is trading at $105,713, with the market awaiting further developments to determine its next move. It is essential for traders and investors to closely monitor the support level mentioned by DonAlt to gauge Bitcoin’s potential price direction in the coming days.

See also  Crypto to be made a national priority in rumored Trump executive order

In conclusion, while Bitcoin may face short-term challenges based on the daily chart analysis, the overall sentiment remains positive on higher time frames. Traders should exercise caution and stay informed about market developments to make well-informed decisions regarding their Bitcoin investments.

For more crypto updates and insights, follow the TechnicalRoundup YouTube channel and stay tuned for the latest analysis and trends in the cryptocurrency market.

Don’t miss out on important market updates – subscribe to receive email alerts directly to your inbox. Stay connected with us on X, Facebook, and Telegram for real-time updates and discussions on the latest in the world of cryptocurrencies.

Remember to check price action regularly and explore the Daily Hodl Mix for a comprehensive overview of the crypto market. Stay informed, stay updated, and stay ahead in the world of digital assets.

[Generated Image: Midjourney]

[Featured Image: Shutterstock/Panuwatccn]

Bitcoin Crash Crypto DoubleDigit fails level Move Percentage Points Quick support Trader warns
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