Bitcoin (BTC) at Risk of Crashing to $70,000 — Read the Full Analysis!

Jakarta, Pintu News – In the turbulent world of cryptocurrencies, Bitcoin (BTC) is currently facing the threat of a drastic decline. Veteran analyst Capo of Crypto recently issued a warning that Bitcoin (BTC) could fall to the $70,000 level if support at $100,000 breaks.

Meanwhile, altcoins have seen sharp declines of between 30% to 50%, and according to Capo, the selling pressure will continue.

Check out the full analysis in this article!

Altcoin Market Analysis

Although Bitcoin (BTC) has managed to hold at around $108,000, most altcoins have suffered heavy losses, falling 30% to 50% from their May peak. Capo, who has accurately predicted this decline, continues to increase his short positions, especially on altcoins that he thinks will still fall further.

With Bitcoin (BTC) still holding above $100,000, mainly due to institutional investors accumulating Bitcoin (BTC) for their reserves, this creates steady buying pressure.

However, Capo felt something was wrong because with all this buying, the price of Bitcoin (BTC) should have jumped higher. He suspects that the big whales may be secretly selling at these levels.

Read also: Why did the price of Memecoin go up today?

The Old Bitcoin (BTC) Wallet Awakens

Adding to the uncertainty, some old Bitcoin (BTC) wallets from the Satoshi era suddenly became active, moving more than 80,000 BTC, worth nearly $8.7 billion, after 14 years of inactivity.

It is not yet clear whether these coins will be sold, but Capo sees this as a sign that large holders may be distributing, rather than accumulating, at the current price.

If Bitcoin (BTC) clearly breaks below the $100,000 level, it could immediately drop to the next support area around $92,000-$93,000. Even worse, a deeper drop could drag Bitcoin (BTC) to $60,000-$70,000, and the altcoin could collapse another 50%-80% in panic selling.

Also read: UAE Gold Visa: New Opportunity for Indians, But Not for Crypto Investors!

China-Taiwan tensions rise

One of the triggers pointed out by Capo is the China-Taiwan conflict, which he says is quietly reaching a dangerous point. Any disruption in Taiwan’s supply of vital chips could destabilize global markets and prompt investors to panic, and cryptocurrencies would not be safe from its influence.

Currently, Bitcoin (BTC) is moving away from its record high, trading around $108,912, reflecting the 1% gain seen in the last 24 hours, with a market capitalization of $2.16 trillion.

Conclusion

With the situation constantly evolving, investors and market watchers must remain vigilant to the price movements of Bitcoin (BTC) and altcoins. Understanding the factors that can influence the market will be key in navigating through this high volatility.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coinpedia. Bitcoin Crash to $70K: Analyst Warns of Massive Sell-Off Ahead. Accessed on July 8, 2025
• Featured Image: Generated by AI