Nov 6, 2025
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Analyst Predicts Bitcoin Price Crash to $87,000 If Trendline Breaks
The recent Bitcoin price drop is attributed to significant sell-offs by large holders and chart formations indicating further decline. October closed negatively for the first time in seven years, suggesting a bearish trend for the year-end.
Key Factors Influencing Bitcoin Price
- The downtrend began after reaching an all-time high of $126,000 in August, leading to substantial altcoin losses.
- A crucial trendline formed post-October 10 flash crash must hold to prevent further decline.
- If this trendline breaks, a potential double-digit crash could occur.
- An analyst predicts a 32% decline if the trend follows the January-February fractal pattern, potentially dropping to $87,000.
Impact of October's Bearish Close
- Historically, a red October leads to a weak November, as seen in 2018 with a 36.4% crash.
- A similar pattern may result in Bitcoin falling below $100,000 due to continued sell-offs.
This situation underscores the importance of monitoring these trends and market reactions closely.