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

This article discusses the recent Bitcoin price crash below $90,000 and projections for further declines in the cryptocurrency’s value. The article highlights the analysis of a TradingView crypto analyst who suggests that Bitcoin could fall as low as $63,000 if it fails to break a key resistance level. The analyst also sees this potential price drop as a buying opportunity for long-term investors.

Additionally, the article mentions that retail investors were likely unable to buy Bitcoin during its price highs, as most accumulations were from whales. The analyst projects a rebound in Bitcoin later in the year and emphasizes the importance of re-entering the market at the projected lower price levels.

Furthermore, the article discusses the potential impact of economic reports, such as the Non-Farm Payroll (NFP) data, on Bitcoin’s volatility. It also mentions another analyst’s projection of a crash to $40,000 but suggests that investors who can hold for the long-term may see profits once Bitcoin rebounds from bearish trends.

Overall, the article provides insights into the current state of the Bitcoin market, potential price movements, and opportunities for investors to navigate the volatility in the cryptocurrency market.