Bitcoin’s Road to $125K Could Include a Brutal Drop to $68K: Analyst

BTC's first battle stands at $84,000 but the bears have the upper hand now. Although bitcoin rebounded from the dip below $80,000 and now sits two grand higher, the risk of another deep correction has not been completely eliminated. Analysts are watching the $84,000 resistance as the immediate recovery level, while one longer-term scenario envisions the cryptocurrency plummeting to $68,000 first before going after its 2025 all-time high. $68K First, Rally Later? Daan Crypto Trade argued that BTC managed to sweep liquidity while still saving its daily close. He described the recent move as a good example of why waiting for candle closes actually matters. However, he warned that the recovery now needs to continue, which it hasn’t. The analyst said BTC must reclaim at least $84,000 in the coming trading days, as remaining and consolidating below it could leave the asset vulnerable to another gradual move south. A successful recovery above $84,000, though, would instead put the untapped highs around $87,000-$88,000 back in focus. This aligns with BTC’s recent price moves, as the asset has repeatedly struggled around the $84,000 area after tumbling toward $80,000. Weakening buyer pressu...