Bitcoin Plunge Accelerates: Critical Support Falters Below $90,000 – What’s Next?

Bitcoin’s nosedive isn’t hitting the brakes yet—key support levels are crumbling like a stale crypto meme.

Here’s the brutal truth: the market’s playing Jenga with $90K, and the tower’s wobbling. Traders are sweating bullets as liquidity pools dry up faster than a DeFi yield farm in a bear market.

Meanwhile, Wall Street ‘experts’ are still debating whether this is a ‘healthy correction’ or the start of another ‘crypto winter.’ Spoiler: their track record’s worse than a leverage trader’s during a flash crash.

One thing’s clear: when the ‘buy the dip’ crowd goes quiet, you know things are getting spicy.

Analyst Says Bitcoin Price Is Headed Below $90,000

In a TradingView post, crypto analyst Master Ananda has revealed major bearish formations for the Bitcoin price. With the $100,000 support having held so far through the last week, it suggested there is still some buying going on for the cryptocurrency. However, the chart does not show enough strength to hold this level.

Since the market has been rocked by over $1 billion in liquidations in the last week, it has transferred some weakness to the BTC price, putting the bears in charge once again. Pointing this out, Master Ananda explains that the weekly chart, in particular, is not showing any good signs.

The current bitcoin price action seems to only be a continuation of the bearish price action that began after it hit a peak of $111,900 back on May 19, 2025. Since then, the decline has been consistent, and the crypto analyst says the market looks “terrible” right now.

Given the crash, the major support for bitcoin is no longer above $100,000, but over 10% below it. As the price has previously broken below $100,000, the first support the market could see would be at $88,888. Failure to hold at this point would trigger another 5% decline toward $82,500 before bulls are able to put up any fight.

What Happens If BTC Stays Above $100,000?

While the bearish trend is the most dominant at this point, there is still the possibility that the Bitcoin price could stay back above $100,000 and hold the fort there. In this case, it is likely that the bullish trend would continue. The crypto analyst highlights this in another post, forecasting a very sharp upward move if this happens.

In the case of a recovery, then Bitcoin could retest the upper trendline that sits right above $108,000. And as for how long all of this could take to play out, the crypto analyst believes that the entire thing shouldn’t take more than two weeks to actually unfold and pick a direction. “Do not be afraid if the market shakes, Bitcoin is going up; Crypto will grow, regardless of the short-term,” the analyst said in closing.