Warning: Possible “Speculative” Bitcoin Crash, Key Level That Could Reverse Direction

Bitcoin is holding above the $90,000 level after a weekend surge, but traders are divided on the next move, with one long-time critic warning of a major downturn while another highlights a critical zone that could determine BTC’s trend.

What happened: In a recent post on X, long-time Bitcoin skeptic Peter Schiff argued that BTC’s failure to track gold prices undermines the “digital gold” narrative. He noted that the market has had ample time to price in a potential bullish breakout, and that the continued underperformance increases the risk of a “spectacular” collapse rather than a gradual rise to new highs.

Crypto trader Kevin Hart countered that current capital flows still do not support Bitcoin moving higher alongside gold. Historically, Bitcoin has often rallied after gold peaks, when capital rotates from “safe havens” into riskier assets. He pointed to the $4,700–$5,100 range as a key resistance zone to watch, stating that until then the market remains a “waiting game.”

Why it matters: Kevin describes Bitcoin as standing at a critical inflection point. Failure to break above the $95,700–$106,800 resistance zone could lead to a deeper decline toward the low $70,000–$60,000 range, confirming a bearish market. Conversely, a decisive breakout above this zone would be historically significant for the early-to-mid phase of the cycle and could open the door to new record highs, potentially disrupting the traditional four-year cycle.

Although higher time-frame indicators appear bullish, Kevin warns that liquidity tells a different story. Net capital flows are leaving Bitcoin across multiple time frames, signaling weak participation. Without fresh liquidity—particularly from retail investors—bullish signals are likely to fail, and key resistance levels may remain intact.

Technical picture BTC: Weekly

• Uptrend
• Price at diagonal and horizontal support
• Fibonacci: retracement to 38.2
• DeMarker turning up from oversold territory

Technical picture BTC: Daily

• Breakout of the downtrend and formation of a new upward move
• Price above the 23.6 Fibonacci level and the 65 MA
• DeMarker is in neutral territory

Technical picture BTC: 4h

• Higher highs and higher lows confirm that the bullish trend remains intact
• Price above the 200 MA
• DeMarker is in oversold territory