{"id":45998,"date":"2026-06-04T11:31:04","date_gmt":"2026-06-04T11:31:04","guid":{"rendered":"https:\/\/cryptd.in\/top-bitcoin-price-predictions-after-btcs-15-weekly-collapse\/"},"modified":"2026-06-04T11:31:04","modified_gmt":"2026-06-04T11:31:04","slug":"top-bitcoin-price-predictions-after-btcs-15-weekly-collapse","status":"publish","type":"post","link":"https:\/\/cryptd.in\/lt\/top-bitcoin-price-predictions-after-btcs-15-weekly-collapse\/","title":{"rendered":"Top Bitcoin Price Predictions After BTC\u2019s 15% Weekly Collapse"},"content":{"rendered":"

The largest cryptocurrency by market capitalization has been nosediving lately, with its price posting another substantial decline over the past 24 hours.<\/p>\n

Multiple analysts believe the valuation could reach new lows in the near future, while one key indicator suggests a rebound could be on the horizon.<\/p>\n

How Much Lower?<\/h2>\n

There\u2019s no way to soften what\u2019s been happening to BTC lately. Its price has lost over $20,000 in the past month alone, and several hours ago it dipped<\/a> to nearly $61,000, the lowest point since early February. The reasons behind this carnage are many and various: Strategy\u2019s historic decision to sell<\/a> some Bitcoin, the escalating conflict in the Middle East, the massive outflows<\/a> from spot ETFs, and the bear market reigning across the broader crypto market.<\/p>\n

Currently, the asset trades at around $62,500, which is a slight comeback, but according to numerous industry participants, the worst is yet to come.<\/p>\n

Ali Martinez recently claimed<\/a> that the plunge below $72,000 has put BTC in \u201ca vulnerable position.\u201d He said that, based on the MVRV Pricing Bands, the next major support is between $50,000 and $54,000.<\/p>\n

For his part, X user Ted argued<\/a> that BTC\u2019s \u201chead-and-shoulders\u201d breakdown target is still not complete. He described $49,000 as \u201ca good bottom zone,\u201d drawing parallels to the August 2024 low.<\/p>\n

Somewhat expected, the major collapse of BTC\u2019s price gave Peter Schiff the opportunity to make a highly pessimistic prediction. The well-known crypto critic and outspoken proponent of gold forecasted<\/a> that the valuation could nosedive to $20,000 if it breaks $50,000.<\/p>\n

\n

\u201cIt should be a quick fall below $20K, which should be a big enough drop to shake the conviction of long-term HODLers, causing many to finally throw in the towel,\u201d he added.<\/p>\n<\/blockquote>\n

Light at the End of the Tunnel?<\/h2>\n

Contrary to the bloodbath and the predictions of a further collapse ahead, BTC\u2019s Relative Strength Index (RSI) suggests it might be time for a resurgence. The technical analysis tool is often used by traders to spot potential price reversal points, as it indicates whether the asset is oversold or overbought.<\/p>\n

It runs from 0 to 100, and anything below 30 indicates that the price has fallen too much in a short period of time and could be due for a comeback. On the other hand, readings above 70 signal that a pullback might be on the horizon. Just a few hours ago, the RSI dropped to 11, its lowest level in four months, and has since risen to approximately 16.<\/p>\n

\"BTC<\/a>
BTC RSI, Source: CryptoWaves<\/figcaption><\/figure>\n

\u00a0<\/p>\n

Prane\u0161imas Top Bitcoin Price Predictions After BTC\u2019s 15% Weekly Collapse<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The largest cryptocurrency by market capitalization has been nosediving lately, with its price posting another substantial decline over the past 24 hours. Multiple analysts believe the valuation could reach new lows in the near future, while one key indicator suggests a rebound could be on the horizon. How Much Lower? There\u2019s no way to soften […]<\/p>\n","protected":false},"author":1,"featured_media":46000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-45998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nTop Bitcoin Price Predictions After BTC\u2019s 15% Weekly Collapse - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/lt\/top-bitcoin-price-predictions-after-btcs-15-weekly-collapse\/\" \/>\n<meta property=\"og:locale\" content=\"lt_LT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top Bitcoin Price Predictions After BTC\u2019s 15% Weekly Collapse - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"The largest cryptocurrency by market capitalization has been nosediving lately, with its price posting another substantial decline over the past 24 hours. 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