Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A new analysis shows that Bitcoin (BTC) may be on the verge of a calculated price crash that could take it below $107,000 before igniting the next bullish rally. The cryptocurrency market structure currently reflects a short-term bearish correction within a broader bullish trend, supporting the likelihood of a potential surge to new all-time highssoon. Bitcoin Prepares For Final Dip Below $107,000
Crypto market expert, Tehi Thomas, in a recent TradingView post, suggested that Bitcoin’s current structuremay be entering its final corrective phase. The analyst points to a potential price crashbelow the $107,000 level as part of a strategic play by smart money. Related Reading Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target 2 days ago
The analyst shared a chart showing Bitcoin forming consecutive lower highs while its price presses downwards. Across these highs, the market is also respecting a descending trendline, a pattern which often indicates short-term bearish pressure. Notably, this trendline appears to be serving as a potential trap designed to engineer a liquidity graband discount entry. Source: Tehi Thomas on Tradingview
Thomas notes that once the key zone and sell-side liquidity area around $107,800 is taken, Bitcoin’s price is expected to dip into a nearby Fair Value Gap (FVG), extending down to the $106,500-$106,200 region. This FVG overlaps with critical Fibonacci levels, particularly the 0.786 retracement near $106,200, strengthening the confluence for a potential reversal point.
Thomas has highlighted this $106,200 level as a high-probability buy zone, where institutions may re-enter the market. Notably, the analyst’s anticipated price correction for Bitcoinis not seen as a breakdown of structure or market failure, but rather a calculated liquidity grab to fill inefficiencies left from the previous lag. As long as the price respects the $106,000 range and displays bullish order flow afterward, its projected correction is expected to complete the accumulation phase. All-Time Highs In Sight After Key Reversal
Following Bitcoin’s projected sweep and fill of the FVG, the cryptocurrency is expected to form a reversal structure that could kick off the next major rally. Despite the projected crash below $107,000, Thomas asserts that Bitcoin’s overall macro trend remains bullish. Moreover, this short-term pullback is considered a setup for a much larger move toward a new all-time high. Related Reading Bitcoin Price To See 52% Increase To $166,000, Analyst Reveals Tight Timeline 5 days ago
Thomas’s chart marks the $110,500 zone as the final magnet and ATH target, with a significant layer of untapped liquidity above it. The analyst’s thesis is that once the sell-side pressureis exhausted and displacement confirms the shift in direction, Bitcoin could once again regain bullish momentum.
Furthermore, the TradingView expert has pointed out that the FVG near $106,200 acts as both a liquidity magnet and a springboard, set to launch the flagship cryptocurrency into price discovery modeonce again. Currently, Bitcoin is trading at $108,744, meaning a potential surge to the projected ATH level at $110,500 will represent a 1.61% increase. BTC trading at $108,999 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com