Categories: Bitcoin Latest News

Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below $107,000

A new analysis shows that Bitcoin (BTC) may be on the verge of a calculated price crash that could take it below $107,000 before igniting the next bullish rally. The cryptocurrency market structure currently reflects a short-term bearish correction within a broader bullish trend, supporting the likelihood of a potential surge to new all-time highs soon. 

Bitcoin Prepares For Final Dip Below $107,000

Crypto market expert, Tehi Thomas, in a recent TradingView post, suggested that Bitcoin’s current structure may be entering its final corrective phase. The analyst points to a potential price crash below the $107,000 level as part of a strategic play by smart money. 

The analyst shared a chart showing Bitcoin forming consecutive lower highs while its price presses downwards. Across these highs, the market is also respecting a descending trendline, a pattern which often indicates short-term bearish pressure. Notably, this trendline appears to be serving as a potential trap designed to engineer a liquidity grab and discount entry. 

Thomas notes that once the key zone and sell-side liquidity area around $107,800 is taken, Bitcoin’s price is expected to dip into a nearby Fair Value Gap (FVG), extending down to the $106,500-$106,200 region. This FVG overlaps with critical Fibonacci levels, particularly the 0.786 retracement near $106,200, strengthening the confluence for a potential reversal point

Thomas has highlighted this $106,200 level as a high-probability buy zone, where institutions may re-enter the market. Notably, the analyst’s anticipated price correction for Bitcoin is not seen as a breakdown of structure or market failure, but rather a calculated liquidity grab to fill inefficiencies left from the previous lag. As long as the price respects the $106,000 range and displays bullish order flow afterward, its projected correction is expected to complete the accumulation phase. 

All-Time Highs In Sight After Key Reversal

Following Bitcoin’s projected sweep and fill of the FVG, the cryptocurrency is expected to form a reversal structure that could kick off the next major rally. Despite the projected crash below $107,000, Thomas asserts that Bitcoin’s overall macro trend remains bullish. Moreover, this short-term pullback is considered a setup for a much larger move toward a new all-time high.

Thomas’s chart marks the $110,500 zone as the final magnet and ATH target, with a significant layer of untapped liquidity above it. The analyst’s thesis is that once the sell-side pressure is exhausted and displacement confirms the shift in direction, Bitcoin could once again regain bullish momentum. 

Furthermore, the TradingView expert has pointed out that the FVG near $106,200 acts as both a liquidity magnet and a springboard, set to launch the flagship cryptocurrency into price discovery mode once again. Currently, Bitcoin is trading at $108,744, meaning a potential surge to the projected ATH level at $110,500 will represent a 1.61% increase. 

[#item_full_content]NewsBTCRead More
AddThis Website Tools

Recent Posts

Bitcoin Mining in Space

Bitcoin Magazine Bitcoin Mining in Space The building blocks that will serve as the foundation…

3 hours ago

White House Confirms President Trump’s Support For Bitcoin Tax Exemption

Bitcoin Magazine White House Confirms President Trump’s Support For Bitcoin Tax Exemption The Trump administration…

3 hours ago

Finland Joins the Bitcoin Conference Map with BTCHel

Bitcoin Magazine Finland Joins the Bitcoin Conference Map with BTCHel Bitcoin conferences are a dime…

3 hours ago

US House Passes Bitcoin, Crypto Market Structure Bill The CLARITY Act

Bitcoin Magazine US House Passes Bitcoin, Crypto Market Structure Bill The CLARITY Act The US…

3 hours ago

President Trump Plans to Open 401(k)s to Bitcoin, Crypto, Gold, and Private Equity: FT

Bitcoin Magazine President Trump Plans to Open 401(k)s to Bitcoin, Crypto, Gold, and Private Equity:…

3 hours ago

Bitcoin Sees Influx Of New Capital: First-Time Buyers Add 140,000 BTC

On-chain data shows the supply held by new Bitcoin buyers has seen a jump recently,…

5 hours ago