Bitcoin Faces Critical Price Zone: Potential Correction to $60K Looms
A prominent crypto analyst, Capo, who accurately predicted the 2022 market crash, is warning investors about Bitcoin’s current price trajectory. After rebounding from a low near $75,000 in April, Bitcoin now faces a critical range between $92,000 and $98,000. Holding above $93,000 maintains a bullish outlook, but a drop below $92,000 could trigger a sharp decline to $60,000. This analysis comes as Bitcoin navigates a pivotal zone that could determine its short-term direction. Investors are closely watching these levels for potential market-moving signals.
Analyst Warns of Potential Bitcoin Correction to $60K Amid Critical Price Zone
A prominent crypto analyst, known as Capo, who accurately predicted the 2022 market crash, is cautioning investors about Bitcoin’s current price trajectory. The digital asset, after rebounding from a low near $75,000 in April, now faces a pivotal range between $92,000 and $98,000. Holding above $93,000 maintains a bullish outlook, but a drop below $92,000 could trigger a sharp decline to $60,000.
Capo highlights signs of short-term distribution in this zone, suggesting the rally may be losing steam. However, altcoins could still see upward momentum. Meanwhile, Metaplanet expands its bitcoin strategy with a new U.S. arm in Florida, signaling continued institutional interest in crypto.
Bitcoin Aims for New Heights: Analyst Predicts $135,000 in 100 Days
Cryptocurrency analyst Timothy Peterson forecasts Bitcoin could surge to $135,000 within the next 100 days, drawing parallels between the VIX index and historical tech stock recoveries. The so-called "fear index" spiked past 56 in April—a level not seen since the 2008 crisis and 2020 pandemic—often preceding robust asset rebounds.
Peterson notes Bitcoin mirrors this trajectory, with accelerated momentum expected once the VIX dips below 18, signaling renewed risk appetite. The $96,514 benchmark sets the stage for what may become one of Bitcoin’s most aggressive rallies.
Bitcoin ETF Products Outshine Gold with Increasing Investor Interest
U.S. spot Bitcoin ETFs are capturing unprecedented investor attention, eclipsing gold’s lackluster performance. Bitcoin has surged 2% weekly to breach $96,030, while Gold prices retreated 2% to $3,247.40 per ounce—a stark divergence highlighting shifting capital allocations.
Institutional momentum builds as Bitcoin ETFs absorb $1.81 billion in weekly inflows, with weekend volumes spiking to $3.06 billion. This liquidity wave underscores growing conviction in crypto’s role as a macro asset, with traditional stores of value like gold facing displacement.
Bitcoin Faces Sell-Off Risk as Price Nears $100K Profit Threshold
Bitcoin’s march toward $100,000 is testing market resilience as long-term holders eye profit-taking opportunities. Glassnode data reveals these investors—who typically hold BTC for at least 155 days—historically sell when unrealized gains approach 350%, a threshold now looming at the six-figure price level.
The $90,000 range could become a stubborn resistance zone without sufficient buy-side momentum to counter potential selling pressure. Paradoxically, long-term holders have accumulated over 254,000 BTC during the recent rally, suggesting divided sentiment among this cohort.
Bitcoin Faces New Challenge as Market Dynamics Shift
Bitcoin’s failure to hold above $97,000 signals growing bearish pressure, with the cryptocurrency now trading at $95,810. Market participants anticipated a stronger weekly close, but Sunday’s low trading volume triggered a reversal. The next critical support level lies at $94,000.
Altcoins mirror Bitcoin’s weakness, reflecting broader crypto market uncertainty ahead of the Federal Reserve’s policy decisions. This downturn contradicts typical weekend patterns, suggesting deeper structural shifts in trader sentiment.
Key Developments Impacting Cryptocurrency Markets This Week
Bitcoin hovers NEAR $95,800 amid altcoin sell-offs as traders brace for a pivotal Federal Reserve interest rate decision. Market sentiment remains cautious, with fading hopes for a June rate cut amplifying volatility.
The week ahead promises high-stakes activity across crypto markets. Binance TR data reveals weakening trading volumes, suggesting institutional hesitation ahead of macroeconomic clarity. Powell’s forthcoming remarks could either reignite risk appetite or deepen the current correction.
