Dreadful Potential for Bitcoin Crash: Could it Plummet to $95,000?
The upcoming weeks are crucial for Bitcoin's market movement, requiring traders to exercise caution, as a potential reversal in Bitcoin's progress towards $100,000 is suggested according to Wyckoff analysis.
According to recent analysis, Bitcoin shows signs of either a Wyckoff Distribution phase or a Sign of Strength (SoS) phase of a Wyckoff Accumulation pattern.
In the Wyckoff Distribution phase, institutional sellers are offloading their holdings while retail investors remain hopeful, which typically precedes a market downturn. Signs include increasing selling pressure, price failing to reach new highs, and volume patterns consistent with distribution. Analysts forecast a potential drop towards $95,000 or lower after failing to break above key resistance zones near $120,000 to $123,000.
On the other hand, the SoS phase implies strong institutional accumulation and a bullish outlook, with price targets around $130,000 to $166,000 based on Fibonacci extensions. On-chain data shows strong support near $114,400 and $117,500, reinforcing resilience. Technical indicators, such as RSI near neutral and MACD above the signal line, support continued upward momentum if these support zones hold.
Investors should be cautious and closely monitor Bitcoin’s price behavior around critical support and resistance levels, while being mindful of volume and technical signals that confirm either a bullish continuation or a distribution-led downturn.
The $95,000 zone is a key level not seen since May and has played a major role since last November as both support and resistance. Bitcoin is struggling to stay above its previous all-time highs, opening the door to a drop towards $95,000.
The upcoming US Consumer Price Index (CPI) report could significantly influence the crypto market and risk appetite. Experts warn of a probable distribution phase, which could push Bitcoin towards the strategic zone of $95,000.
Investors should remain cautious about this potential Bitcoin reversal and closely monitor market developments.
This article was written and updated by Simon Dumoulin on 12/08/2025 at 12:50.
[1] Source: Wyckoff Accumulation and Distribution [2] Source: Fibonacci Extensions in Bitcoin Trading [3] Source: RSI Indicator [4] Source: MACD Indicator [5] Source: Exchange Whale Ratio
- As the Wyckoff Distribution phase might be affecting Bitcoin's market movement, investors should consider the potential impact of technology and finance, given the increased selling pressure from institutional sellers in this phase.
- Amid the uncertainty surrounding Bitcoin's future price movement, investors may want to consider technology-driven investing strategies, as robust technical indicators like RSI and MACD could provide essential insights during potential distribution phases.
