The crypto market is bleeding as leveraged liquidations intensify, sending Bitcoin back below $90,000.
Analysts are warning that if bulls fail to defend the critical $84,000 support level, Bitcoin’s price prediction could tilt into a full-blown bear market.
$200M Wiped Out As Crypto Liquidations Trigger Market-Wide Selloff
Over the last four hours, more than $200 million in leveraged positions have been liquidated across the crypto market.
Bitcoin is down over 3%, while Ethereum has plunged over 4%. The bloodbath has wiped out over $100 billion in total market capitalization today.
The carnage follows today’s massive options expiry event, which traders had been monitoring closely.
A staggering $3.357 billion worth of BTC options with a max pain point at $91,000 expired today, alongside $668 million worth of ETH options with a max pain at $3,050.
Prominent trader TraderThanos is leaning heavily bearish as the 5-day candle closes below $93,000.
“Maybe we get another retest of 93k-93.2k. That would align more perfectly with my current bias. The next leg down takes us to 76k,” he warned.
Thanos highlighted a critical technical breakdown: “This is the first time price is trading under those Moving Averages since June/July of 2023,” referring to the 100 EMA and 100 MA on the 5-day timeframe.
If price stays beneath these moving averages, he expects a drop to the $72,000-$76,000 range.
Adding to the bearish sentiment, the odds of Bitcoin hitting $80,000 by year-end have now surpassed 40% on Polymarket.
Bitcoin Price Prediction: Bulls Must Hold $84K or Face $76K
Bitcoin is trading below all major moving averages on the 4-hour chart, keeping the broader structure tilted bearish.
The 200-MA near $95,000 remains the key resistance that must be reclaimed to restore bullish momentum, but repeated rejections show sellers aggressively defending that zone.
Immediate support sits around $84,000, which stabilized the price during the last flush.
Source: TradingViewHowever, if Bitcoin fails to bounce strongly from this level, the broader corrective structure could extend toward deeper support near $76,000, where a more meaningful reversal becomes likely.
Bitcoin’s direction remains biased lower as long as it stays capped under $95,000.
A reclaim of that level would signal trend restoration, but until then, indicators point toward continued weakness.
Bitcoin Hyper Presale Surges Past $29M Amid BTC Weakness
As Bitcoin struggles, investors are turning to Bitcoin Hyper ($HYPER), a project working on bringing speed and affordability to Bitcoin’s blockchain for decentralized applications.
Built on Solana-based architecture, Bitcoin Hyper accelerates transaction speeds while slashing network fees.
This enables developers to deploy DeFi platforms, meme coins, and payment solutions that Bitcoin holders can access without abandoning the original blockchain.
The presale has raised over $29 million, with tokens priced at $0.013375 and strong institutional interest driving momentum.
Early investors can benefit from presale pricing at the current $0.013385 price, with some analyses suggesting potential 10-15X ROI by 2026.
To buy $HYPER at its discounted presale price, head to the official Bitcoin Hyper website and link your wallet, such as Best Wallet.
Then connect a wallet (Best Wallet, MetaMask, or Coinbase Wallet) and select payment (ETH, USDT, BNB, SOL, or USDC).You can also use a bank card for instant access.
Visit the Official Bitcoin Hyper Website HereThe post Bitcoin Price Prediction: $200M in Leveraged Liquidations Pushes BTC Under $90K — Can Bitcoin Avoid a Breakdown Below $84K? appeared first on Cryptonews.
