According to a new technical analysis, Bitcoin price has returned to its ‘Crash Line’, sparking talk of a possible bullish reversal. The expert behind this analysis has suggested that this is not a random event, but a deliberate move that could signal the start of Bitcoin’s next upward move.
Bitcoin price revisits well-known crash line
In a recent post on X, market analyst Crypto Tice said announced that Bitcoin has just hit the Crash Line, a level that has repeatedly served as a crucial reloading point during the current bull cycle. The analyst indicated that this trendline has historically led to strong price increases for BTC. He noticed that all the time the bull marketBitcoin has consistently followed the same order every time the price returns to the Crash Line.
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The process starts with momentum overheatingThis means buyers are pushing prices up too quickly, creating unsustainable upward pressure. As this momentum increases, excessive debt piles up in the market, followed by a sharp correction. This price drop often brings Bitcoin back to the Crash Line. From this point BTC usually starts ready for the next phase of expansion.
Crypto Tice shared a weekly chart that illustrates this pattern. Each time Bitcoin approached the Crash Line, the price corrected by around 33.10% and 30.97% before quickly rising higher. With Bitcoin having returned to the crash line after a recent 33.38% decline, the analyst suggested it could follow the same historical trend and launch a major rally.
Crypto Tice also noted that the Crash Line has consistently highlighted leverage flushes, exhaustion of selling pressureand trend continuation zones for Bitcoin. Instead of signaling structural weaknessthe analyst said that this trend line has acted as a transition point. He noted that if the broader structure remains intact, the Crash Line could mark the area where Bitcoin’s upside reloads.
Analyst predicts next possible steps for Bitcoin
In a separate X-post, market expert Crypto King said that Bitcoin is currently ‘stuck in a trading ban zone’, meaning that despite this, the market still has no clear direction recent rebound above $90,000. The analyst added that BTC’s liquidity and market participation are drying up, especially as the price moves sideways and the risk of getting caught in false moves increases.
As a result, Crypto King has outlined two possible scenarios for Bitcoin. If the cryptocurrency can rise above $92,000 and hold that level, he expects it to move from resistance to support.
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On the other hand, if the price fails to regain $92,000, the analyst predicts Bitcoin could fall againthis time the Chicago Mercantile Exchange (CME) gap was tested at $88,000. The analyst has marked two potential demand zones on the chart: one around it the CME gap and another lower between $60,000 and $50,000.
Featured image from Unsplash, chart from TradingView