Analyst Warns Bitcoin Price Could Fall to $96K Amid Crypto Market Crash

Looking at the broader crypto market crash and recent price drop, analysts are concerned that Bitcoin price might maintain its downward trend.

The main digital currency, which is worth $103K right now, has decreased by 2% over the past day. If the Head & Shoulders pattern forms a bearish breakdown, a well-known analyst stated that BTC price might drop to $96,000.

Bitcoin Price Prediction: Key Technical Patterns and Support Levels

Crypto analyst Titan pointed out that Bitcoin’s behavior is lining up with a Head & Shoulders pattern. This traditionally turns into a reversal signal. Based on this pattern, the BTC price could move from rising to falling.

Early in May, the left shoulder formed at $104,063. After that came the head that achieved an all-time high of $111,800.

A local high formed at $106,700 in June, which resulted in the right shoulder. If the Bitcoin price goes below the neckline in this formation, the analyst stated, it may fall to $96,000, a 6.92% decrease from today’s price of $103,140.

In the report, Titan of Crypto added that the Relative Strength Index (RSI) is at around 50 at the moment.

Usually, this midpoint causes major swings in price and can signal if the trend will turn bearish or bullish.

The current state of RSI indicates that Bitcoin’s price might rise or fall sharply based on its movement.

Why BTC Faced a Pullback After This Resistance

After trying to break over $107K, Bitcoin price fell. This is due to huge transactions that occurred on June 1 and 2, 2025.

Regardless of Bitcoin’s rise to $107K, its value was rejected close to $106,700 on June 3. In this time frame, Bitcoin saw its transaction volume jump to $44.03 billion, which was the biggest since December 2024.

Still, the rise in trading volume did not result in BTC price going up. The reason is that the top crypto experienced a short-term retreat.

Large transactions during this period, such as a massive 130,010 BTC transfer valued at $14.11 billion, have raised concerns about a further crypto market crash.

The involvement of institutional players or whales could have contributed to the sharp price rejection, as large-scale transactions often precede major price changes.

Additionally, Bitcoin price drop this week was predicted, as earlier reports highlighted significant market uncertainty due to the $11.7 billion in options expiry and the upcoming US PCE data release.

With over $335 million in crypto liquidations and rising bearish sentiment reflected in the put-call ratios, traders are bracing for increased volatility.

Senator Cynthia Lummis Reveals Path to BTC Reserve

A recent interview saw Senator Cynthia Lummis explain how the U.S. could form a strategic Bitcoin reserve. She argued that the U.S. Marshals Service’s resources could be used to start the process of collecting Bitcoin.

The senator discussed how Bitcoin might reduce the national debt, and he suggested that one million Bitcoins could be acquired by the country over the next two decades.

Because of its proof-of-work and fixed supply, Lummis’ proposal means Bitcoin can be trusted and depended on by the U.S. government.

This plan is consistent with efforts to add digital assets to the nation’s long-term financial strategy. Though Senator Cynthia Lummis recognized the future need for Bitcoin protection, her statement showed how valuable Bitcoin is becoming worldwide.

Although analysts have warned that Bitcoin price could fall to $96,000, the crypto usage is increasing, with Metaplanet playing a role in this trend.

The Japanese company has issued 26% of its stocks, planning to use the proceeds to buy a total of 210,000 Bitcoins by 2027. This adds more weight to Bitcoin’s role in the world market despite BTC price volatility.

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