This potential shift in trajectory comes after the cryptocurrency experienced a severe price crash that briefly pushed it below the $100,000 mark. Bitcoin Price Finds Strong Support At Double Bottom The Bitcoin price crashed below $100,000 earlier this week as the China-based Artificial Intelligence (AI) model DeepSeek gained significant popularity across the US and global investment market, overtaking OpenAI’s ChatGPT.
This massive surge would mark a new ATH for the pioneer cryptocurrency, as the highest price Bitcoin has ever reached is above $108,000. Related Reading: Bitcoin Upper Band Moves Above $105,400 – Where Price Is Headed Next Supporting this bullish scenario, the TradingView analyst highlights Bitcoin’s Relative Strength Index (RSI), which shows oversold areas marked in green circles on the chart.
Analyst Reveals When Price Will Crash To $50,000 Following this severe crash, TradingShot revealed that Bitcoin had rebounded at a Double support level, using two strong support lines to prevent further price slips.
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