{"id":394311,"date":"2025-06-06T16:28:02","date_gmt":"2025-06-06T10:58:02","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-could-crash-by-double-digit-percentage-points-in-a-quick-move-if-this-support-level-fails-warns-crypto-trader-crypto-news\/"},"modified":"2025-06-06T18:00:21","modified_gmt":"2025-06-06T12:30:21","slug":"bitcoin-could-crash-by-double-digit-percentage-points-in-a-quick-move-if-this-support-level-fails-warns-crypto-trader-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-could-crash-by-double-digit-percentage-points-in-a-quick-move-if-this-support-level-fails-warns-crypto-trader-crypto-news\/","title":{"rendered":"Bitcoin Could Crash by Double-Digit Percentage Points in a \u2018Quick Move\u2019 if This Support Level Fails, Warns Crypto Trader &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Bitcoin (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\" rel=\"noopener\" target=\"_blank\">BTC<\/a>) could fall to levels last recorded in early May if a major support level fails to hold, according to a crypto trader.<\/p>\n<p>The trader pseudonymously known as DonAlt <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=G10hBqONoXg\" rel=\"noopener\" target=\"_blank\">tells<\/a> 66,500 subscribers of the TechnicalRoundup YouTube channel he\u2019s leaning bearish on the crypto king based on his reading of Bitcoin\u2019s daily time frame.<\/p>\n<p>According to the pseudonymous trader, Bitcoin could drop by up to 15% from the current price if the BTC support level, which has so far held since the flagship crypto asset reached a new all-time high of slightly under $112,000, fails.<\/p>\n<p><em>\u201cIf this support goes, this support between $98,000 and $101,000, I think you could see like a nice quick move towards $90,000 again.\u201d<\/em><\/p>\n<figure id=\"attachment_333698\" aria-describedby=\"caption-attachment-333698\" style=\"width: 1353px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-333698\" class=\"wp-caption-text\">Source: TechnicalRoundup\/YouTube<\/figcaption><\/figure>\n<p>The pseudonymous trader says Bitcoin\u2019s rally to a new all-time high of around $111,800 late last month is a \u201cfalse breakout\u201d based on the daily time frame. According to DonAlt, \u201cgood breakouts\u201d typically do not retest previous support levels.<\/p>\n<p><em>\u201cBasically, all the good breakouts did not retest\u2026 this one [at slightly under $112,000], a little bit different. That one is retesting, which is a sign of a lack of momentum, a lack of urgency.\u201d<\/em><\/p>\n<p>The pseudonymous trader, however, says Bitcoin appears more bullish on the higher weekly and monthly time frames.<\/p>\n<p><em>\u201cThis [weekly] time frame is also bullish. It is less bullish than the monthly, though, I will say that.<\/em><\/p>\n<p><em>This is a clean breakout, this is fine, this is a strong chart on the monthly. The weekly, a little bit less so but still good.\u201d<\/em><\/p>\n<figure id=\"attachment_333699\" aria-describedby=\"caption-attachment-333699\" style=\"width: 1465px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-333699 size-full\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/06\/DA-BTC-0506-W.png\" alt=\"\" width=\"1465\" height=\"718\" srcset=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/06\/DA-BTC-0506-W.png 1465w, https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/06\/DA-BTC-0506-W.png?resize=300,147 300w, https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/06\/DA-BTC-0506-W.png?resize=768,376 768w, https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/06\/DA-BTC-0506-W.png?resize=1024,502 1024w, https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/06\/DA-BTC-0506-W.png?resize=750,368 750w, https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/06\/DA-BTC-0506-W.png?resize=1140,559 1140w\" sizes=\"auto, (max-width: 1465px) 100vw, 1465px\"\/><figcaption id=\"caption-attachment-333699\" class=\"wp-caption-text\">Source: TechnicalRoundup\/YouTube<\/figcaption><\/figure>\n<p>Bitcoin is trading at $105,713 at time of writing.<\/p>\n<p><iframe loading=\"lazy\" title=\"Range Retest Or Breakout Failure?\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/G10hBqONoXg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><span style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" data-mce-type=\"bookmark\" class=\"mce_SELRES_start\">?<\/span><\/iframe><\/p>\n<p>\u00a0<\/p>\n<p><em><span style=\"font-size: 13pt;\">Follow us on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/TheDailyHodl\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Check <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" target=\"_blank\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Surf <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&#038;nbsp<br \/>\n<center><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\"\/><\/center><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt;\"><em>Generated Image: Midjourney<\/em><\/span><br \/><span style=\"font-size: 10pt;\"><em>Featured Image: Shutterstock\/Panuwatccn<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) could fall to levels last recorded in early May if a major support level fails to hold, according to a crypto trader. The trader pseudonymously known as DonAlt tells 66,500 subscribers of the TechnicalRoundup YouTube channel he\u2019s leaning bearish on the crypto king based on his reading of Bitcoin\u2019s daily time frame. According [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":394312,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-394311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/394311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=394311"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/394311\/revisions"}],"predecessor-version":[{"id":394313,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/394311\/revisions\/394313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/394312"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=394311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=394311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=394311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}