🚨 Bitcoin Price Crash Alert: Analyst Predicts $60k Target 😱

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Despite Bitcoin holding strong above $100,000, there’s a pesky little analyst named FriendlyRox who just can’t help but predict a massive price crash. 😒 They’ve got their eye on volume and momentum, and they’re convinced that we’re headed for a doozy of a drop. 📉

Bitcoin Price At Risk With Dwindling Volume And Momentum

According to FriendlyRox, the decline in volume and momentum is the major driver of this forecasted price crash. 😱 Meanwhile, institutions are increasing their Bitcoin holdings and supply on exchanges is falling, which should be good news, right? 🤔 Not according to our pessimistic pal, who’s still convinced that the end is nigh.

The decline in volume has been apparent after the Bitcoin price fell below $100,000 in June, and trading volumes have been consistently low in July. 📉 At the same time, there’s been a decline in momentum, with FriendlyRox pointing out a negative divergence in this metric. 📉

Additionally, the Bitcoin price has flashed a historical trend that has usually predated market tops. 📉 This is price reaching the 50 EMA (Exponential Moving Average) and then retracing. FriendlyRox revealed that in the past, whenever the price touched the 50 EMA and then extended back, it usually signalled a crash, and the Bitcoin price has done this now, extending even further.

Other metrics that have also flashed bearishness include the RSI and the MACD, both of which are now showing a loss of momentum as they moved into the negative. 📉 All of these factors happening together at the same time have painted a pretty bleak picture for the leading cryptocurrency by market cap.

BTC Bottom Targets

With the lineup of bearish developments, FriendlyRox has predicted an approximately 50% drop from here. 😱 As volume continues to decrease and momentum slides into the negative, they expect that the Bitcoin price will be looking to retrace back to the 50 EMA. 📉

The interesting fact here is that the 50 EMA falls below the previous Bitcoin price peak, putting it at $60,000. 😱 A crash of this magnitude would only be rivaled by the COVID crash in 2020 and the FTX-induced market crash back in 2022. 😱 But nevertheless, it would mean a wipeout for altcoins across the board.

As for the timeframe for when this could happen, there is no definite timeline. ⏳ Going by the analyst’s chart, it could take a couple of years for this to completely play out, with the analyst closing with: “Let us see how it unfolds.” 🔮

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2025-07-08 12:42