• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin: Analysis of Impact on Key Support Levels

user avatar

by Giorgi Kostiuk

a year ago

A cryptocurrency analyst warned of a possible sharp decline in Bitcoin's price if a key support level is lost.

Bitcoin's Support Level

The analyst, known as Altcoin Sherpa, highlighted that Bitcoin's value could drop if it loses support at the $90,000 level, potentially leading to a decline to around $80,000. Decisions related to Bitcoin seized from the Silk Road market by the U.S. government could continue to negatively influence the cryptocurrency market.

Fartcoin Analysis

Sherpa further analyzed that the Solana-based memecoin, Fartcoin, could decline over 28% from its current value based on Fibonacci retracement levels. FARTCOIN's market structure remains in a downtrend.

Warnings and Recommendations

Sherpa advised caution, noting that if Bitcoin falls below its support level, it could negatively affect the broader market. Given the volatile nature of cryptocurrencies, breaking support levels could lead to swift market fluctuations.

BTC: Perhaps we will see an endless Time Weighted Average Price (TWAP) sell-off until these foolish government sales cease. If we lose the $90,000 level, it could worsen. We hope to absorb this situation but are not very certain. In some scenarios, dropping below $80,000 wouldn’t surprise us.Altcoin Sherpa

The future of Bitcoin remains uncertain, and market participants should remain vigilant to the shifting support conditions that can impact the entire crypto market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

ZKP's Commitment to Structural Stability Enhances ROI Potential

chest

ZKP emphasizes structural stability to drive ROI, ensuring sustained network demand and reliable operations.

user avatarFilippo Romano

Zero Knowledge Proof Invests $17 Million in Proof Pods to Ensure Network Stability

chest

Zero Knowledge Proof (ZKP) has invested $17 million in Proof Pods to enhance network stability and prevent failures during its presale.

user avatarEmily Carter

Billionaire Jon Yarbrough Allegedly Discloses Bitcoin Holdings

chest

Billionaire Jon Yarbrough has reportedly disclosed holding $324 million in Bitcoin, but this claim remains unverified as of January 16, 2026.

user avatarTomas Novak

Federal Reserve's Policy Shift During COVID-19 Crisis Revealed

chest

Federal Reserve transcripts reveal Jerome Powell's push for clear interest rate guidance during the COVID-19 crisis, advocating for explicit conditions before rate hikes despite inflation concerns.

user avatarKaterina Papadopoulou

Jerome Powell's Early Recognition of COVID Risks

chest

Jerome Powell's early recognition of COVID-19 risks and the Federal Reserve's response.

user avatarMaya Lundqvist

Fartcoin Exhibits Phenomenal Liquidity Retention

chest

Fartcoin has gained attention for its remarkable ability to retain liquidity during market stress.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.