Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Bitcoin Price Recovery At Stake If This Level Doesn’t Hold, Crash Could Erase Gains

Share This Post

Crypto analyst Rekt Capital has revealed that the Bitcoin price recovery could be at stake if it doesn’t hold above a particular level. Failure to hold this support level could cause the leading crypto to crash and erase all gains that it has enjoyed this past week. 

Bitcoin Price Needs To Hold Above $93,500 To Avoid Another Crash

In an X post, Rekt Capital indicated that the Bitcoin price needs to hold above $93,500 to avoid another crash. He remarked that the downside deviation is on the cusp of ending, but BTC now needs to stabilize above this support level of $93,500. The analyst added that ideally, the leading crypto needs a weekly close above this level and reclaim it as new support to resynchronize with the former Reaccumulation range. 

The Bitcoin price has already rallied above $93,500 this week as the leading crypto decoupled from stocks, with investors viewing it as a safe haven amid the market uncertainty caused by Donald Trump’s tariffs. However, as Rekt Capital suggested, BTC now needs to hold above $93,500 to confirm this breakout and avoid this being another bull trap. 

Bitcoin

The Bitcoin price is likely to reclaim the $100,000 mark and even reach new highs if it can hold above this crucial support level. Rekt Capital’s accompanying chart showed that BTC could rally to as high as $110,000, marking a new all-time high (ATH) for the leading crypto. 

Crypto analyst Ezy Bitcoin also predicted that the Bitcoin price could rally to as high as $166,700. He stated that the Wyckoff Re-accumulation phase is playing out beautifully. The analyst further remarked that the structure points toward continued strength with the spring confirmed and price jumping across the creek. Ezy Bitcoin outlined $131,500, $144,900, and $166,700 as the targets if this bullish momentum holds. 

BTC Needs One More Leg On The LTF To Confirm Breakout

In an X post, crypto analyst CrediBULL Crypto stated that the Bitcoin price needs one more leg on the lower timeframes (LTFs) to seal the deal. If that happens, he asserted that dips are for buying until BTC reaches at least $150,000. His accompanying chart showed that the leading crypto could break above $100,000 again on this next leg up. 

However, if the Bitcoin price doesn’t record another leg to the upside and instead corrects below $89,000 first, CrediBULL stated that BTC then ends up with a 3-legged corrective structure. He added that it would mean that market participants have to wait longer for the “real” breakout. 

At the time of writing, the Bitcoin price is trading at around $92,600, down in the last 24 hours, according to data from CoinMarketCap.

Bitcoin

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

XRP Price Prediction For May 12

The post XRP Price Prediction For May 12 appeared first on Coinpedia Fintech News XRP price recorded a slight dip today and is down by more than 1% at the time of writing According to analysts, XRP

Coinbase Exposes 10,000+ Pages of Hidden Crypto Oversight Files—Transparency Just Got Real

Coinbase unleashed over 10,000 pages of previously unpublished government crypto documents, exposing undisclosed regulatory tactics and internal contradictions fueling calls for immediate

Hyperliquid Hits $5.6B Open Interest High Amid Hyperbridge Debut

Layerzero has launched Hyperbridge, a new interoperability solution connecting external blockchain assets to Hyperliquid’s decentralized trading ecosystem, which recently saw its open interest hit

Crypto’s energy problem may have a DePIN solution

The following is a guest post and opinion by Ruchir Punjabi, Co-Founder at ReNRG Crypto, for all its growth, has an energy reputation problem The proof-of-work era left a lingering carbon footprint,

New XRP Rally Incoming? Analyst Believes This Cycle Is Unique

XRP investors are keeping an eye on a crucial price level this week Bitcoin has managed to reclaim above $100,000 and Ethereum is over $2,300 XRP has recorded a modest increase as well but still

McGregor For President? With Bitcoin In His Corner, Anything’s Possible

Ex-UFC champion Conor McGregor has suggested Ireland construct a national reserve of Bitcoin He called on May 9, 2025, in a message posted on X that doing so would give “power back to the