Bitcoin’s Sudden Drop Predicted by Experienced Traders, Check Out the Levels!

Jakarta, Pintu News – Bitcoin (BTC) is at a crossroads again. In the past seven months, the price of Bitcoin (BTC) has fluctuated between $61,000 and $104,000. This range is reminiscent of previous price movements that ended in a sharp decline in early 2022. Traders and analysts are divided over whether history will repeat itself or if renewed demand will sustain the price of Bitcoin (BTC).

Trapped Price Movement

Recent reports suggest that Bitcoin’s (BTC) price range of $61,000 to $104,000 is similar to the distribution zone in 2020-2021, when Bitcoin (BTC) traded between $31,000 and $64,000 for almost a year. After that, Bitcoin (BTC) price peaked at around $69,000 in November 2021, and then plummeted to around $15,600 in November 2022, representing a decline of almost 78%.

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Repeated Breakout Failure

Michaël van de Poppe, an analyst, noted that Bitcoin (BTC) tried but failed to hold above the $106,000 level this month. Its chart showed a quick rejection of the level, which triggered the liquidation of long positions. The price then returned to the $104,000-$105,000 zone after a failed push. Any breakout failure is considered a distribution warning sign by traders.

Sharp Downside Risk

Peter Brandt, a veteran trader, points out that strong fundamentals are often most visible right before a market top. He highlighted that if the current setup leads to a similar 78% drop from the $105,000 range, then Bitcoin (BTC) could fall towards $23,600. His simple math is reminiscent of the last cycle’s move from around $69,000 down to $15,500.

Long-term signs are still bullish

The trader known as Tardigrade noted that Bitcoin’s (BTC) 50-day and 200-day simple moving averages recently formed a golden cross. In previous cycles, this pattern led to gains of 50%, 125%, and 65%. This indicates a possible rally if buyers enter at current levels.

Conclusion for Investors

The tug-of-war between caution and optimism in the Bitcoin (BTC) market is very clear. On the one hand, pattern watchers warn about the possibility of a big drop if support breaks. On the other hand, strong support from big players may be able to cushion any decline and spark a rally.

Investors are advised to watch the $104,000-$105,000 range for signs of weakness or strength. A break below could pave the way towards $23,500, while a break above $106,000 might signal the next step up. However, volatility is expected to remain high, so risk management remains key.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Amid Bitcoin Hype, Seasoned Trader Predicts Sudden Drop to This Level. Accessed on June 16, 2025
• Featured Image: Generated by AI