One of the few analysts who accurately called Bitcoin’s 2025 top believes BTC will bottom once one key event occurs.
The pseudonymous analyst KillaXBT tells his 140,800 followers on X that Bitcoin will likely set the stage for a breakout once increasing fears over the conflict in the Middle East spark a deeper selloff across the global markets.
“With all that said, these events always hit hardest when BTC is in a bear market. 90% will capitulate, but the 10% will be buying through all the geopolitical chaos.
I might be short-term bearish, but don’t mistake that for where we are in the cycle. Iran/Israel/US tensions will escalate, markets will capitulate further, and that, my friends, is exactly where BTC bottoms.”
The trader warns that Bitcoin may plummet into the $50,000 range if the top crypto asset by market cap fails to hold the $64,700 level as support.
“In terms of key structure we need to hold, the monthly open sits at $66,900, which is something to observe for a reaction/acceptance above.
However, the key areas on the HTF (high timeframe) sit around $65,900 down to $64,700. Lose that and bulls can say goodnight, because sub-$60,000 is coming.”
Bitcoin is trading at $70,646 at time of writing, flat on the day.
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