The recent Bitcoin price crash below $90,000 has left the crypto community in shock, especially with expectations of a continued bull market rally. Despite this volatility, crypto analyst Alixjey forecasts an even greater crash, potentially bringing Bitcoin down to $63,000 if a key resistance level holds.
Alixjey suggests Bitcoin must break the $99,500 mark to avoid further declines. If it fails, we could see Bitcoin fall towards $63,000, similar to the previous $60,000 range after the 2024 Spot Bitcoin ETF launch. Although this price drop would be tough on investors, it could also present a buying opportunity for long-term holders, with a potential rebound expected in Q3 and Q4 of 2025.
Alixjey also warns that Bitcoin’s volatility is likely to continue, influenced by external factors such as the upcoming Non-Farm Payroll (NFP) data. Traders and investors are advised to be cautious, as major economic reports can significantly impact both stocks and crypto.
For those who can HODL through the downturn, this could be the last chance to re-enter the market before the next big move. Many analysts, including Herbert Sim, expect a short-term crash, but long-term investors could $BTC $ETH $still see substantial profits once Bitcoin recovers.
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