Bitcoin Price Crash Incoming? Why A Fall To $63,000 Is Possible If This Resistance Holds

Quick Summary:

Considering that Bitcoin has risen as high as $104,000 at one point this year, a crash toward $60,000 would be a devastating blow to investors and its market.  Bitcoin Price Crash Imminent  The TradingView analyst shared a chart suggesting that Bitcoin could rise as high as $106,000 or drop toward the $60,000 to $65,000 range if it fails to break resistance.

Despite the volatility and ongoing declines, a crypto analyst projects an even greater crash, suggesting that Bitcoin could fall as low as $63,000 if a certain resistance level holds.  TradingView crypto analyst Alixjey has declared that the Bitcoin price must break past $99,500 to continue moving higher.

He urges investors and traders to be cautious, as major economic reports often influence market movements.  Analyst Sees Upside Potential After BTC Crashes Due to Bitcoin’s recent declines, many analysts have shared bearish projections of the cryptocurrency, expecting a severe price correction before a potential recovery.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomUnited States

Topics: Crypto reserve Bitcoin AlCean CMO Btc price BTC news Nfp Bitcoin Btcusd Spot Bitcoin ETFs Non-Farm Payroll Btc Alixjey Sim Projects Bitcoin price BTCUSDT Bitcoin news Herbert SIM

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 23:00:45 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 517 words

Reading Time: 3 minutes read

Sentences: 72 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26731799

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About NewsBTC

Main Topics: Crypto

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