FLASH
Shkruar nga Pamfleti
In just five days, the world's largest cryptocurrency has lost 15% of its value. Analysts warn that breaking the critical level could push the price to $44,000...
Bitcoin is in a hot phase: the world's largest cryptocurrency has lost 15% of its value in just 5 days. On Friday, the rate remained for a long time just above $62,500. Then, in the afternoon, another drop of more than 5 percent followed. Bitcoin fell to around $60,400.
Thus, it is already significantly below a psychologically important level. Analysts consider the area around $62,500 as a strong resistance line. If the rate remains below this level for a longer period, the way may be opened for further sharp declines.
Over the past two days, Bitcoin had briefly fallen below this threshold. However, investors bought enough to support the price and the defense line held. If this level is broken, according to renowned Australian cryptocurrency analyst and trader Jason Pizzino, it could pave the way for a price in the $44,000 to $54,000 range.
Stock market indicators for Bitcoin are currently not very promising.
In February, the price managed to defend itself at the resistance level of $62,500. Then a recovery followed, until recently another decline began. Now it remains to be seen whether this line can be held even in the last moments.
The value has halved since October.
This week, one of Bitcoin's most prominent figures, Michael Saylor, became a negative factor for the market mood: his company, Strategy, sold $2.5 million worth of Bitcoin.
In fact, this is an almost negligible amount, especially compared to the large Bitcoin reserves that the company owns. But, according to Raiffeisen analyst Jeffrey Hochegger, in a statement to the Blick newspaper, the psychological effect was significant.
"If someone has always said that Bitcoin should not be sold under any circumstances and then sells it themselves, this negatively affects investor confidence," he explained.
Since its record high of nearly $126,000 in early October 2025, Bitcoin's value has halved. Institutional investors in particular have been selling large amounts of the most popular cryptocurrency, taking their profits.
Fear of a major market crash
"Many people buy Bitcoin in the hope of making big profits in a short period of time, not because they believe in the future use of the cryptocurrency or are investing long-term."
When the price falls, another effect occurs: many investors use leveraged financial products to invest in Bitcoin. In the event of a strong price correction, they are often forced to close and sell their positions en masse. This further reinforces the downward spiral.
Another worrying element for investors is the fact that Bitcoin is no longer following the same dynamics as technology stocks. In the past, Bitcoin usually rose when technology stocks were trending positively.
Now the situation is different. While tech stocks continue to hit new records, Bitcoin continues to fall. The question that arises is: what will happen if the mood in the tech stock market also worsens?
Bloomberg analyst Mike McGlone predicts that Bitcoin could face another major drop in the near future. /Adapted from Pamphlet /
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