How low can the Bitcoin price go?
Key takeaways:
- Bitcoin fell 12% from its June 23 peak, briefly dipping below $100K (first time since May 8).
- Liquidation heatmap indicates potential drop to $97K, with rounded top pattern suggesting $74K possible.
BTC has lost 4.6% this week after peaking at $109K, signaling weakening momentum.
Bitcoin takes liquidity tumbling below $100,000
Bitcoin tumbled to $98,240 on June 22 following President Trump's announcement of military strikes on Iranian nuclear facilities, extending its decline to 12% from the May 22 all-time high of $112,000. The sharp drop precipitated a wave of derivatives liquidations across cryptocurrency markets.
The market response highlights both the sensitivity of crypto assets to geopolitical events and the resilience of Bitcoin's underlying demand structure at key psychological price levels.
BTC rounded-top pattern targets $74K
Bitcoin is forming a potential rounded top pattern on daily charts, indicating possible bearish momentum ahead. This inverted U-shaped formation suggests a shift from accumulation to distribution. Bulls are currently defending the key $100,000 psychological support level.
The $95,000 zone holds technical significance as the convergence point of the 100-day and 200-day SMAs, with the yearly open at $93,400 providing additional support. The critical $93,000 neckline remains the decisive level for this pattern.
A daily close below $93,000 would confirm the bearish breakdown, potentially triggering a 27% decline toward $74,730. Bitcoin now faces a crucial technical crossroads at this $93,000 threshold.
You may also like

ROBOTMONEY USDT Premiere: Robot Money (ROBOTMONEY) Coin Lands on WEEX
WEEX Exchange proudly announces the global exclusive premiere listing of Robot Money (ROBOTMONEY) Coin, empowering crypto enthusiasts with…

Is Robot Money (ROBOTMONEY) Coin a Good Investment in 2026? Expert Analysis and Price Predictions
Robot Money (ROBOTMONEY) has just made waves in the crypto space with its exclusive launch on WEEX Exchange…

Is Backpack (BP) Coin a Good Investment in 2026? Expert Analysis and Price Outlook
Backpack (BP) has just hit the trading scene with its recent listing on WEEX Exchange, where BP/USDT trading…

What is Robot Money (ROBOTMONEY) Coin
Robot Money (ROBOTMONEY) is an innovative cryptocurrency focused on establishing autonomous treasury infrastructure tailored for the agent economy.…

What is Backpack (BP) Coin?
Recently, Backpack (BP) began trading on the WEEX Exchange, specifically on March 13, 2026. This marks a significant…

WEEX Lists AMD Tokenized Stock (Ondo) Coin with AMDON USDT Pair
WEEX Exchange has officially listed the AMD Tokenized Stock (Ondo) (AMDON) coin, opening up the AMDON/USDT trading pair…

BP USDT Premieres on WEEX: Backpack (BP) Coin Listing
WEEX Exchange is thrilled to announce the world premiere listing of Backpack (BP) coin, opening up exciting trading…

BASED Coin Price Prediction & Forecasts for March 2026: Surging 2% Amid Fresh Listings – What’s Next?
Based Coin has just hit the scene with its global exclusive launch on WEEX Exchange, sparking interest among…

Is EDEL Coin a Good Investment in 2026? Expert Analysis and Price Predictions
EDEL coin has been making waves in the crypto space, especially with its recent listing on exchanges like…

Is BASED Coin a Good Investment in 2026? Expert Analysis and Price Forecasts
BASED Coin has made waves in the crypto world with its recent launch on WEEX Exchange, marking a…

What is Edel (EDEL) Coin: A Comprehensive Guide
Edel, represented by the token ticker EDEL, is making waves in the crypto world as a novel lending…

What is Based (BASED) Coin?
With its global exclusive debut on WEEX Exchange on March 12, 2026, the Based (BASED) coin is drawing…

BASED/USDT Premiere on WEEX: Based (BASED) Coin Listed
WEEX Exchange proudly announces the global premiere listing of Based (BASED) Coin, a dynamic Super App revolutionizing trading…

Robot Money (ROBOTMONEY) Coin Price Prediction & Forecasts for March 2026: Can It Surge Past $0.00002 Amid AI Treasury Buzz?
Robot Money (ROBOTMONEY) has sparked interest in the crypto space with its launch as an autonomous treasury infrastructure…

Backpack (BP) Coin Price Prediction & Forecasts for March 2026: Up 14.7% After WEEX Listing – Can It Sustain the Momentum?
As of March 14, 2026, Backpack (BP) Coin is trading at $0.3900 USDT, reflecting a 14.7% increase over…

EDEL Coin Price Prediction & Forecasts for March 2026: Up 0.50% as Lending Protocol Gains Traction
Edel (EDEL) has been making waves in the crypto space with its innovative lending protocol for tokenized equities,…

SLVUSDT & TQQQUSDT WEEX Futures: New Stock Tokenized ETFs
Trade iShares Silver Trust Tokenized ETF (Ondo) (SLVon) and TQQQ tokenized ETF (xStock) (TQQQ) on WEEX. SLVon USDT and TQQQ USDT futures are now live.

Trade DISTORTED USDT on WEEX: Distorted Face Coin Listing
WEEX Exchange lists Distorted Face (DISTORTED) Coin. Trade DISTORTED USDT futures with 20x leverage on our high-performance trading platform.
ROBOTMONEY USDT Premiere: Robot Money (ROBOTMONEY) Coin Lands on WEEX
WEEX Exchange proudly announces the global exclusive premiere listing of Robot Money (ROBOTMONEY) Coin, empowering crypto enthusiasts with…
Is Robot Money (ROBOTMONEY) Coin a Good Investment in 2026? Expert Analysis and Price Predictions
Robot Money (ROBOTMONEY) has just made waves in the crypto space with its exclusive launch on WEEX Exchange…
Is Backpack (BP) Coin a Good Investment in 2026? Expert Analysis and Price Outlook
Backpack (BP) has just hit the trading scene with its recent listing on WEEX Exchange, where BP/USDT trading…
What is Robot Money (ROBOTMONEY) Coin
Robot Money (ROBOTMONEY) is an innovative cryptocurrency focused on establishing autonomous treasury infrastructure tailored for the agent economy.…
What is Backpack (BP) Coin?
Recently, Backpack (BP) began trading on the WEEX Exchange, specifically on March 13, 2026. This marks a significant…
WEEX Lists AMD Tokenized Stock (Ondo) Coin with AMDON USDT Pair
WEEX Exchange has officially listed the AMD Tokenized Stock (Ondo) (AMDON) coin, opening up the AMDON/USDT trading pair…