Bitcoin Price Could Plummet to $78,000 If This Scenario Unfolds

Bitcoin's bull run faces a potential cliff-edge. One critical trigger could send the flagship cryptocurrency tumbling toward $78,000—a level that, in today's market, some would call a 'crash.'

The Domino Effect No One Wants to See

Markets move on narrative as much as numbers. A sudden shift in macro sentiment, a regulatory crackdown from a major economy, or a cascade of liquidations in the derivatives market could be the spark. It's the classic story of too much leverage meeting an unexpected shock—a tale as old as finance itself, just with digital assets.

Why $78,000 Matters

That figure isn't arbitrary. It represents a key technical and psychological support zone. A break below it wouldn't just be a dip; it would signal a breakdown of the current market structure, potentially inviting a deeper correction. Think of it as the line in the sand between a healthy pullback and a trend reversal.

The Silver Lining for Hodlers

For long-term believers, volatility is a feature, not a bug. A shakeout flushes out weak hands and resets the stage for the next leg up. It’s the market's ruthless way of transferring wealth from the impatient to the patient. Besides, in the grand scheme, a drop to $78,000 would still leave Bitcoin up massively from its previous cycle lows—a perspective often lost in the daily noise.

The path forward hinges on a fragile consensus. One major domino falls, and the race to the exits begins. Until then, the market walks a tightrope, fueled by greed and haunted by the ghost of corrections past—proving once again that in crypto, the most bullish forecasts and the most bearish warnings often share the same data, just different glasses.

Bitcoin Price Correction May Not Be Over

A crypto analyst on the TradingView website has highlighted where the bitcoin price is and the next decision levels for the cryptocurrency. Right now, it continues to trend low, favoring the bears. Nevertheless, there is still the opportunity for the bulls to take over if momentum picks up.

The first major level that the Bitcoin price must reclaim lies at $90,000, which is now a stronghold for bears. As the crypto analyst explains, the digital asset would have to reclaim and hold this level for the price to bounce. In the case of a bounce, then the cryptocurrency is expected to maintain its bullish structure.

The bullish continuation WOULD see the first major resistance being retested at $97,000. Once beaten, then the bulls could move on quickly to $100,000, a psychological level that could trigger the influx of investors back into the market.

However, with the Bitcoin price already falling below $90,000 over the weekend, it is more likely that the bearish part of the prediction will play out. As the post explains, failing to hold $90,000 is incredibly bearish for the price and would be the beginning of another decline.

Once the bitcoin price begins to fall, there is not much holding it before it reaches the next major resistance at $78,000. This means it is likely that the Bitcoin price will fall by over 20% before eventually finding its footing above $78,000 and readying for another bounce. “This is the point where the next major direction gets decided,” the analyst said.