Will Bitcoin Crash to $65K or Soar to $100K? Here’s What Traders Are Saying! 😱🚀

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Alas, the tale of Bitcoin’s fate continues! Once riding high at $86K, our beloved BTC now finds itself clinging to a 3.35% drop, from a lofty $86,496. Was it the short sellers, or perhaps the profits that were too sweet to resist? Who can say. What’s certain is that, much like a dramatic Tolstoyian downfall, the crypto world is on edge. Some traders, ever the pessimists, are whispering of a crash to $80K, others to $65K. The suspense is unbearable. 🎭

Bitcoin Price Today

As we reflect on this sorry state, the price has continued its downward spiral since Tuesday’s high. The decline has slowed, like a wounded beast, through the Asian and European sessions, leaving Bitcoin with a 0.64% loss today, trading at a modest $83,369. But will it hold steady? Only time will tell… ⏳

Can Bitcoin (BTC) Crash to $80K or $65K as Crypto Traders Suggest?

Before we plunge further into this abyss of speculation, let us first inquire into the cause of such a calamity. Ki Young Ju, the founder of CryptoQuant, has kindly shared a chart which suggests that BTC’s supply is outpacing its demand. This, dear friends, is often the harbinger of doom, a pattern that has accurately predicted previous market tops. And lo, we are now witnessing a similar foreshadowing of the inevitable fall. 📉

But wait! The plot thickens. Enter Santiment’s Network Realized Profit and Loss (NPL) indicator, a tool that reveals the emotional rollercoaster of crypto traders. The NPL spikes—those terrible signals of profits taken—are a reminder of market tops. Conversely, the negative spikes, those dreaded capitulations, signify the wealth transfer from the feeble to the strong. A dark day indeed.

The NPL spike from December 5, 2024, has since collapsed, and we find ourselves at the precipice once more. As we await the NPL to dip into negative territory, like the grim inevitability of winter, we must wonder: is another rally in Bitcoin’s future? Only the NPL knows. ❄️

Crypto Traders’ Key Bitcoin Price Levels and Predictions

Now, for the more sanguine among us, there are whispers of hope. The enigmatic crypto trader “wafxles” has posted a short trade setup with a target of $65,000. A bit of a gamble, you might say, but that is the nature of the game. Selling high and buying lower—like a hunter stalking its prey. 🎯

hear me out…

— wfls (@wafxles) April 15, 2025

And then there is Shinigami, another trader whose analysis is nothing short of cryptic wisdom. He points to two critical zones:

  1. $80K to $86K – This is where BTC has been simmering since March 2025, a hotbed of indecision.
  2. $70K to $60K – Ah, this range, a place of memories, where BTC languished for many months in 2024, might just serve as the bottom from which a great revival could spring.

But what of the $86K rejection? It is a signal that the uptrend has met its match. And now, with bated breath, we watch the $80K mark. Will it hold? Or will we tumble into the depths of $70K or $60K, as traders like “wafxles” so confidently predict?

In conclusion, we must all keep our eyes on $80K. This level shall be the deciding factor—whether we witness a heroic recovery or a prolonged descent into the abyss. If $80K breaks, we may well see $60K again, but should a rebound occur, $90K could be within our grasp. And who knows? Perhaps, just perhaps, a rise to $100K awaits us, like a gleaming crown upon a worthy ruler. 👑

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2025-04-16 12:45