Bitcoin (BTC) Price Needs To Hold Above This Level To Avoid Another Crash, Analyst Says

Crypto analyst Rekt Capital has revealed that the Bitcoin price recovery could be at stake if it doesn't hold above a particular level.

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad disclaimer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Crypto analyst Rekt Capital has revealed that the Bitcoin price recovery could be at stake if it doesn’t hold above a particular level. Failure to hold this support could cause the leading crypto to crash and erase all gains that it has enjoyed this past week.

Bitcoin Price Needs To Hold Above $93,500 To Avoid Another Crash

In an X post, Rekt Capital stated that the Bitcoin price needs to hold above $93,500 to avoid another crash. He noted, "Down-side Deviation is on the cusp of ending, but #BTC now needs to stabilize above this $93,500 support to resynchronize with the former Reaccumulation range."

Ideally, he added, the leading crypto needs a weekly close above this level and reclaim it as new support.

The Bitcoin price has already rallied above $93,500 this week as the leading crypto decoupled from stocks, with investors viewing it as a safe haven amid the market uncertainty caused by Donald Trump’s tariffs. However, as Rekt Capital suggested, BTC now needs to hold above this $93,500 to confirm this breakout and avoid this being another bull trap.

The Bitcoin price is likely to reclaim the $100,000 mark and even reach new highs if it can hold above this crucial support. Rekt Capital’s accompanying chart showed that BTC could rally to as high as $110,000, marking a new all-time high (ATH) for the leading crypto.

Another crypto analyst, Ezy Bitcoin, also predicted that the Bitcoin price could rally to as high as $166,700. He stated, "Still plays out beautifully. Structure speaks for itself with the strength and resilience of BTC. Spring confirmed and price now realised through the Creek in classic fashion."

Ezy Bitcoin added, "Those fib targets are getting closer. We're still in the Count 5 and ideally get one more leg on the LTFs to seal the deal. If anything, these dips are for buying until 150k+."

BTC Needs One More Leg On The LTFs To Confirm Breakout

According to a recent analysis by crypto analyst CrediBULL Crypto, the Bitcoin price needs one more leg on the lower timeframes (LTFs) to seal the deal. If that happens, he asserted that dips are for buying until BTC reaches at least $150,000.

His accompanying chart showed that the leading crypto could break above $100,000 again on this next leg up. However, if the Bitcoin price doesn’t record another leg to the upside and instead corrects below $89,000 first, CrediBULL stated that BTC would then end up with a 3-legged corrective structure.

This, he added, would mean that market participants would have to wait longer for the “real” breakout.

At the time of writing, the Bitcoin price is trading at around $92,600, down in the last 24 hours, according to data from CoinMarketCap.