{"id":75138,"date":"2025-06-21T15:30:13","date_gmt":"2025-06-21T15:30:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=75138"},"modified":"2025-06-21T15:30:13","modified_gmt":"2025-06-21T15:30:13","slug":"bitcoin-price-breakdown-spurs-sell-offs-analyst-reveals-what-will-happen-if-btc-hits-92800","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=75138","title":{"rendered":"Bitcoin Price Breakdown Spurs Sell-Offs, Analyst Reveals What Will Happen If BTC Hits 92,800"},"content":{"rendered":"

The Bitcoin price crashed from as high as $106,000 to $102,000 on June 20, sparking sell-offs among investors. Now, crypto analyst Colin<\/a> has indicated that the flagship crypto could still drop to as low as $92,800 and revealed what will happen if BTC gets there.\u00a0<\/p>\n

The Current Bitcoin Price Action And What To Expect<\/h2>\n

In an X post<\/a>, Colin said that it looks increasingly likely that the Bitcoin price will see a retest of at least 100,800 as the first major level of support. The analyst made this statement as BTC dropped out of a bullish pennant<\/a> for a second time. The measured target for this bull pennant is $150,000.\u00a0<\/p>\n

However, with the most recent breakdown, the Bitcoin price threatens to decline further before any potential move to the upside. Colin stated that the next major levels<\/a> below $100,800 are $97,600 and $92,800. He opined that BTC is likely to quickly rebound from these support levels if it gets there.\u00a0<\/p>\n

The crypto analyst remarked that this Bitcoin price movement is all possible within the confines of the right shoulder of the larger inverse Head-and-Shoulders pattern<\/a>. He added that this can make the right shoulder more complete, basically on the same level as the left shoulder. This analysis comes just a day after Colin revealed<\/a> that BTC has deviated from the global M2 money supply.\u00a0<\/p>\n

However, he suggested that the BTC bull market<\/a> is far from over. The analyst noted that the deviation happens 20% of the time and doesn\u2019t invalidate the macro trend. Basically, the Bitcoin price is primed to rally higher at some point and possibly reach the $150,000 measured target. Market expert Raoul Pal also commented<\/a> on BTC\u2019s correlation with the money supply, stating that it shows that there is no need to worry about the current price action.\u00a0<\/p>\n

Bulls Need To Step In For BTC<\/h2>\n

In an X post<\/a>, crypto analyst Titan of Crypto stated that the Bulls need to step in now for the Bitcoin price. He noted that BTC is facing a key test, having just been rejected at the Fair Value Gap at around $106,000. The analyst added that the flagship crypto is now retesting the lower boundary of the symmetrical triangle<\/a>.\u00a0<\/p>\n

Titan of Crypto<\/a> stated that if this lower boundary at around $104,000 fails, then the next level would be the previous weekly low at $102,679. If the Bitcoin price fails to hold that level, it could further drop to the liquidity pocket near $100,300.\u00a0<\/p>\n

At the time of writing, the Bitcoin price is trading at around $103,500, down in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>","protected":false},"excerpt":{"rendered":"

The Bitcoin price crashed from as high as $106,000 to $102,000 on June 20, sparking sell-offs among investors. Now, crypto analyst Colin has indicated that the flagship crypto could still drop to as low as $92,800 and revealed what will happen if BTC gets there.\u00a0 The Current Bitcoin Price Action And What To Expect In […]<\/p>\n","protected":false},"author":0,"featured_media":75139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75138"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75138"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/75139"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}