Will Bitcoin Price Crash to $90,000?

1 day ago 4

Bitcoin is slipping from its highs, and the charts are flashing early warning signs. Is BTC about to plunge to $90,000?

Categories: CryptoBitcoin

Bitcoin price has entered a shaky phase as it hovers near $105,000, with its recent bullish momentum beginning to weaken under mounting macroeconomic pressure. The BTC price charts are flashing early signs of a potential downtrend, and if the cracks widen, a correction to $90,000 may not be out of the question. Let’s dig into the technicals, recent developments, and key price levels.

Bitcoin Price Prediction: Why is Bitcoin Losing Momentum Near $110,000?

On the daily chart, BTC price recently struggled to hold above the R3 pivot zone near $110,000. After reaching a local high just under this level, sellers took control, driving the price down to $105,000. Notably, the Heikin Ashi candles show three consecutive red bars forming near a key Fibonacci pivot zone (0.786), which often signals a loss of bullish steam.

Moreover, the Bitcoin price is starting to flatten out near the 20-day moving average ($106,172). A clean break below this could trigger further downside to the 50-day SMA at $97,506 — a region that previously acted as consolidation support in April.

Hourly Chart Confirms Bearish Pressure Building

The hourly chart gives more immediate signals of weakness. BTC price has been rejected multiple times near the 50-SMA ($107,281) and 100-SMA ($108,311), with clear lower highs forming. This structure, coupled with flat volume and a bearish alignment of the MA ribbon (20 < 50 < 100 < 200), suggests that short-term traders are losing confidence.

Bitcoin price attempted to reclaim $106K but was quickly pushed back, and the price is now hovering just above critical intraday support at $105K. If this zone breaks decisively, the next hourly support rests around $102,000.

What Could Trigger a Bitcoin Price Crash to $90,000?

Let’s break down a few key drivers that could escalate this correction:

1. Macroeconomic Instability:
Ongoing US–China trade tensions have resurfaced after trade talks stalled. Add to that the US court blocking key tariffs, which raises questions about future trade enforcement. This has created a climate of uncertainty — often bearish for high-risk assets like crypto.

2. Weak US Economic Data:
A surprise contraction of 0.2% in US GDP for Q1 2025 and a spike in jobless claims have spooked investors. Typically, such news leads to a shift toward safer assets, and Bitcoin, despite its long-term appeal, often takes a hit during immediate liquidity crunches.

3. Technical Breakdown Risk:
From the chart, a break below $105,000 (current support) opens the door to test the 0.618 Fibonacci level around $97,000. A failure to bounce here increases the risk of sliding down to $90,000 — the 0.236 level on the pivot scale and a major previous resistance that could now act as support.

Let’s run a quick Fibonacci-based scenario:

Recent swing high: $111,800
Swing low: $88,500
0.236 level = $93,730
0.618 level = $100,156

If $105,000 breaks and $97,000 fails, the next likely area of support sits at around $93,730 – $90,000, aligning with historical accumulation zones.

Will Bitcoin Bulls Step In?

While long-term investors may see $90K as a dip-buying opportunity, short-term traders are watching closely for any sign of a breakdown below the 20-day moving average. The 200-day SMA remains far below at $94,646 — a line in the sand that, if broken, could trigger institutional outflows.

For now, bulls must reclaim $107,000 to resume upside, but the odds seem to favor bears unless macroeconomic headwinds ease.

Bitcoin Price Prediction: Can It Rebound or Will Bitcoin Price Crash to $90,000?

Given the current technical setup and external pressure, a correction to the $97,000–$90,000 range is increasingly likely in the next 1–2 weeks unless Bitcoin price reclaims $107,500 quickly and flips it into strong support.

Traders should watch:

$105,000 as immediate support
$107,500 as reclaim level for bullish continuation
$97,000–$94,000 as key downside Fibonacci targets
$90,000 as major support from pivot and historical demand zone

If the macro landscape worsens further — say a drop in S&P 500 or oil shocks — BTC could test even $88,000 levels briefly before a bounce.

Final Take: Bearish Bias Until Proven Otherwise

Bitcoin price failure to hold above the pivot R3 zone, combined with weakening moving averages and rising economic uncertainty, points to a cautious short-term outlook. Traders eyeing leverage should prepare for volatility, while long-term holders may soon get another golden entry — possibly near $90,000. Until then, Bitcoin stays on watch.

$BTC, $Bitcoin

Article By

Prasanna Peshkar

Prasanna Peshkar is a seasoned writer and analyst specializing in cryptocurrency and blockchain technology. With a focus on delivering insightful commentary and analysis, Prasanna serves as a writer and analyst at CryptoTicker, assisting readers in navigating the complexities of the cryptocurrency market.