If This Key Support Fails, Bitcoin Could Plummet To $90,000 - Top Analyst Issues Critical Warning

Bitcoin's teetering on the edge—and one wrong move could send it spiraling down to $90,000.

Critical Support Breakdown

A leading market analyst just dropped the hammer: if Bitcoin loses this crucial support level, prepare for a brutal descent. We're talking about the line in the sand that separates bullish momentum from potential freefall.

Market Psychology at Play

Traders are watching these levels like hawks. Break below—and fear takes over. The same herd mentality that drove prices to insane heights could now trigger a stampede for the exits. Classic crypto volatility meets traditional market psychology.

Analyst Credibility Check

This isn't some random Twitter prognosticator. We're dealing with a respected voice whose previous calls have actually made people money—not just retweets. When they speak about key levels, institutions listen.

The $90,000 Scenario

Why that specific number? It's not arbitrary. Technical analysis points to major liquidity pools sitting around that level—the kind that either provide a soft landing or become acceleration zones for further declines.

Meanwhile, traditional finance guys are probably sipping martinis and muttering 'I told you so' about crypto's instability—as if their manipulated markets are any better.

Bottom line: Bitcoin's at a make-or-break moment. How it handles this support will tell us everything about where we're headed next.

BTC’s Last Line Of Defense

In a recent post on X (formerly Twitter), market analyst Doctor Profit highlighted key price levels associated with various holder groups: $115,600 for 1 million holders, $113,600 for 3 million holders, and approximately $107,000 for 6 million holders. 

As bitcoin traded below all these thresholds earlier on Monday, Doctor Profit pointed out that every recent buyer is currently facing unrealized losses. However, he cautioned against interpreting this lack of panic as a sign of stability. 

According to him, “these investors haven’t tasted enough fear yet,” suggesting that market makers may continue to drive prices lower until a genuine capitulation occurs.

The analyst emphasized that the $107,000 to $108,900 zone represents the last robust line of defense for Bitcoin. Should this level fail to hold, he predicts a swift movement toward the $90,000 to $95,000 range. 

Currently, the market’s leading cryptocurrency has recovered above $109,000. It is trading above the last line of support, preventing the analyst’s scenario of an additional 17% price drop for Bitcoin toward its Chicago Mercantile Exchange (CME) gap placed just above $90,000.

Tough September Ahead For Bitcoin 

Doctor Profit also argued in his analysis that the current market sentiment is characterized by minimal fear and an unrealized loss of only 0.5%, especially when compared to the more significant corrections of 30% or more seen in historical bear markets. 

He believes that the lack of panic among the cryptocurrency’s holders indicates that many are still too comfortable, which could set the stage for a more severe market correction.

Further complicating matters, Doctor Profit noted the recent behavior of corporate insiders in the stock market, where over 200 alleged insider trades occurred, with not a single buy recorded. 

If insiders are choosing to offload their stocks during a period of apparent strength, the analyst asserts that this activity could foreshadow similar selling pressure in the Bitcoin and broader cryptocurrency market.

As market makers seek to capitalize on this development, Doctor Profit warns that these entities will likely apply pressure until a substantial portion of short-term traders are forced to sell at a loss. 

Doctor Profit concludes by suggesting that the real pain for Bitcoin holders is still to come, predicting that September will be particularly unkind as the market shifts from denial to a more painful reality.

Featured image from DALL-E, chart from TradingView.com