Analyst Reveals Why Bitcoin (BTC) Crashed - And What’s Coming Next

Bitcoin's sudden plunge sends shockwaves through crypto markets

The Digital Gold Rush Hits a Speed Bump

Another day, another crypto rollercoaster - except this time the drop was steep enough to make even seasoned traders grip their seats. Bitcoin's unexpected tumble has everyone asking the same question: what just happened?

The Perfect Storm of Selling Pressure

Analysts point to multiple factors converging simultaneously. Regulatory uncertainty from major economies created the initial headwinds, while leveraged positions getting liquidated amplified the downward momentum. Traditional finance institutions pulling back their crypto exposure didn't help either - because when Wall Street gets cold feet, everyone feels the chill.

Technical Levels Shattered Like Glass

Key support zones that traders were counting on evaporated faster than a meme coin's promises. The charts turned ugly quick, with Bitcoin breaking through multiple resistance levels that were supposed to hold firm. Sometimes the market does what the market wants, regardless of what the lines on your screen suggest.

What's Next for the Crypto King?

The path forward looks murkier than a miner's basement setup. Some analysts see this as a healthy correction in a long-term bull market, while others warn of further downside if institutional interest continues to wane. The only certainty? More volatility ahead - because when has crypto ever been boring?

Remember: in crypto, what goes down 50% might go down another 50% - or it might make you rich. Such is the beauty of this beautifully dysfunctional market that somehow keeps convincing us to buy the dip while checking our portfolios every five minutes.

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The partnership aims to expand Verizon’s network coverage, particularly in remote areas, by integrating AST SpaceMobile’s low Earth orbit satellites with Verizon’s existing terrestrial network.

This means Verizon customers will soon be able to get cell reception virtually anywhere in the continental U.S., without needing specialized satellite equipment. The service is expected to launch in 2026.

The deal positions AST SpaceMobile as a key player in the race to expand mobile coverage beyond traditional towers.

AST’s Path in Satellite Connectivity

Importantly, AST SpaceMobile has already partnered with AT&T (T), and now with Verizon on board, it is working with two of the biggest U.S. wireless carriers. These deals point to the rising demand for reliable phone service in hard-to-reach areas. With backing from AT&T and Verizon, AST is well-positioned to become a top name in satellite-to-smartphone technology.

It must be noted that AST SpaceMobile launched its first five commercial satellites into low Earth orbit in September 2024. It now plans to have 45 to 60 satellites in orbit by the end of 2026 to ensure continuous coverage.

AST SpaceMobile’s ability to secure market share depends on factors like successfully deploying satellites, improving its 4G/5G tech, and clearing regulatory hurdles. Delays could give rivals such as Elon Musk’s Starlink an opportunity to gain ground.

Is ASTS a Good Stock to Buy?

Turning to Wall Street, ASTS stock has a Moderate Buy consensus rating based on four Buys, three Holds, and one Sell assigned in the last three months. At $57.27, the average AST SpaceMobile stock price target implies a 30.11% downside risk.