{"id":62270,"date":"2025-12-07T02:01:46","date_gmt":"2025-12-07T02:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=62270"},"modified":"2025-12-07T02:01:46","modified_gmt":"2025-12-07T02:01:46","slug":"brace-for-a-bitcoin-price-crash-how-low-does-the-next-major-support-level-lie","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=62270","title":{"rendered":"Brace For A Bitcoin Price Crash: How Low Does The Next Major Support Level Lie?"},"content":{"rendered":"
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A crypto analyst has predicted another devastating Bitcoin price crash that could see the leading cryptocurrency slide back below $85,000. With its weak performance<\/a> over the past few months and price action showing signs of exhaustion<\/a>, the analyst has predicted that the next major support level lies more than 33% below all-time highs.\u00a0<\/p>\n

Analyst Breaks Down Chart Signaling Bitcoin Price Crash<\/b>\u00a0<\/h2>\n

TradingView crypto expert \u2018EliteGoldAnalysis\u2019 has released<\/a> a fresh chart study on Bitcoin\u2019s next selling move, warning that the cryptocurrency\u2019s downtrend may not be over yet. The analyst\u2019s breakdown highlights a key support level he believes Bitcoin could crash to if its current downward momentum<\/a> persists.\u00a0<\/p>\n

EliteGoldAnalysis outlines a price structure on the chart that begins with a weak high, a technical condition that often reflects a liquidity grab before a reversal. The appearance of a weak high near the top of Bitcoin\u2019s most recent rally<\/a> indicates that buyers may have been swept out before the momentum fully shifted. This pattern is accompanied by a steadily forming lower high, hinting at a developing bearish structure<\/a>.\u00a0<\/p>\n

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From his perspective, the analyst explains that a short bias becomes relevant only after a clear confirmation of a bearish trend. Based on the Bitcoin price chart, such confirmation could include a break of minor support beneath the weak high, followed by a retest of that level. EliteGoldAnalysis also noted that a bearish rejection through wick actions or a strong bearish close would strengthen the case for a temporary Bitcoin price crash<\/a>.\u00a0<\/p>\n

While the analyst\u2019s breakdown is just an interpretation of the chart rather than a trading call, Bitcoin\u2019s price structure still hints at a possible retracement amid strengthening sell-side pressure<\/a>.\u00a0<\/p>\n

How Low Bitcoin Price Could Decline<\/b>\u00a0<\/h2>\n

In his TradingView chart, EliteGoldAnalysis outlined critical zones that could dictate Bitcoin\u2019s next bearish moves<\/a>. The first region to watch is the potential \u201ctarget level\u201d marked in the purple zone above $85,000. The analyst views this level as a demand or imbalance area. Should Bitcoin reach and hold this target, it may act as the first checkpoint before the market decides whether to correct downwards or push higher.<\/a>\u00a0<\/p>\n

Just beneath the $85,000 region lies a \u201cstrong support level\u201d highlighted in blue at $84,000 on the chart. EliteGoldAnalysis predicts that Bitcoin could decline to as low as this $84,000 support area. The analyst suggests that this level is the final retracement target, potentially representing a significant liquidity pool that could attract buyers if the price declines.\u00a0<\/p>\n

A decisive drop toward this level would reflect a more than 6% decline from current levels above $89,000. Such a move would also mark the completion of the downside move implied by the chart structure. Over the past 24 hours, the price of Bitcoin has fallen roughly 3%, meaning a crash to $84,000 would further prolong the ongoing downtrend<\/a>.\u00a0\u00a0<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A crypto analyst has predicted another devastating Bitcoin price crash that could see the leading cryptocurrency slide back below $85,000. With its weak performance over the past few months and price action showing signs of exhaustion, the analyst has predicted that the next major support level lies more than 33% below all-time highs.\u00a0 Analyst Breaks […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-62270","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/62270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62270"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/62270\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}