The post Bitcoin Crash Incoming? BTC Price At Risk of Dropping To $75K appeared first on Coinpedia Fintech News After closing last week below a crucial support level of around $95k, Bitcoin (BTC) price has been trending on shaky grounds, which could lead to further sell-offs in the near term. The flagship coin opened the third week of 2025 on a bearish outlook, after shedding over 5 percent last week to trade about $94,146 on Monday, during the early European session. Creeping Fear of Bitcoin and Crypto Selloff After hyping the re-election of US President Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President the cryptocurrency community is beginning to feel a potential threat of a sell-the-news scenario ahead of the upcoming inauguration. Moreover, Bitcoin’s fear and greed index has been signaling the rising greed of some traders, as whales slow down. According to market data analysis provided by Santiment, crypto trading volume has sunk to levels only witnessed before the November 5, 2024, US elections . The overall supply of Bitcoin on CEXes increased by 2,729 BTC, worth about $256 million, in the past 24 hours to hover around 2.19 million. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Crypto Market Today (Jan 13th, 2025): Bitcoin Price Stays Firm at $94k | KuCoin Becomes Top Gainer , Midterm Targets From a technical analysis standpoint, Bitcoin price, against the US dollar, has been forming a potential head and shoulders (H&S) pattern in the daily time frame. With the daily Relative Strength Index (RSI) forming a bearish divergence, Bitcoin price is at the risk of a possible correction below $90k soon. This is a classic H&S top pattern. $BTC H&S patterns can do one of 3 things: -Complete and trend to target -Fail with bear trap -Morph into larger pattern What do you think? I am only allowing Verified to reply. If you cannot pay a few bucks to X you don't deserve to be heard. pic.twitter.com/9dGquEXaUs — Peter Brandt (@PeterLBrandt) January 12, 2025 According to popular trader Peter Brandt, Bitcoin price could either be forming a H&S pattern, a bear-trap pattern or morph into a longer pattern. However, Brandt cautioned BTC traders that the flagship coin has formed a classic H&S pattern with a target range of between $77.5k and $75,000. 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updateSubscriptionButton(); } } }); FAQs How much will 1 Bitcoin be worth in 2025? As per Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046. How much will $1 Bitcoin be worth in 2030? In 2030, the price of 1 Bitcoin could reach a height of $610,646. What will Bitcoin be in 10 years? Projecting a 10-year growth in a volatile asset like Bitcoin seems a far-stretched notion. The BTC price is expected to cross $600,000 by 2030. With global adoption, Bitcoin could be worth 1 million dollars .
