The recent Bitcoin crash has left the world in a frenzy. Investors are now keenly watching BTC price movement, keeping their guards up as BTC continues to encounter bouts of intense market volatility. With the asset trading at $70K at present, can it crash down further to hit $40K? This is what Crypto Patel has to say about Bitcoin’s future momentum.
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Bitcoin to $40K?
Crypto Patel, in his latest Bitcoin analysis, shared a striking new forecast. The expert stated how BTC is currently at a crucial stage where a fall below $70K may trigger mayhem. The expert was quick to add how Bitcoin key levels are at $77K to $79K, followed by $86K to $90K. If these levels are rejected, this may push Bitcoin to go under a spiral, hitting as low as $40K to $50K.
“Current Status: $BTC forming LL & LH—Weakness Confirmed. After breaking below $90K, Bitcoin tested sub-$70K as predicted, reaching a low of $59,809 yesterday before bouncing to $71,750.This volatility liquidated both high-leverage longs and shorts. Key Levels to Watch. Bearish Order Block: $77,516 – $79,290. Bearish Order Flow: $86,035 – $90,585. Expecting price to visit these levels before the next leg down. Trading Plan. ✅ Short Entry Zones: $80K and $90K levels. ✅ Strategy: Wait for price reaction at bearish order blocks.✅ Current LL Confirmation: Any HTF candle closes above $79,290. Scenarios. ➡️ Bearish Case: If rejected from order blocks → Potential test of $50K-$40K range. ➡️ Bullish Invalidation: HTF candle close above CHOCH at $97,900.”
Institutions Are on a Busy, Buying Dips Despite the Recent Bitcoin Crash
In addition to this, Bitwise CEO Hunter Horsley shared how the recent Bitcoin crash has made BTC cheaper for institutional stockpiling for the future.
“Hunter Horsley says institutions feel they’re finally getting another chance to buy Bitcoin at prices they thought they’d never see again. He revealed that a billion-dollar wealth manager told him clients are ready to invest and are actively asking where the right entry price is. That mindset, he says, is widespread across institutions.”
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