‘Bulls Don’t Want To Lose This’ – Analyst Outlines Key Level for Bitcoin To Avoid Sparking a New BTC Leg Down

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Bitcoin Analyst Warns of Potential Price Collapse if Key Level is Not Held

As Bitcoin continues to navigate through volatile price movements, one analyst who accurately predicted the cryptocurrency’s 2025 peak is now cautioning that BTC must maintain a crucial level to avoid a potential collapse in price.

KillaXBT, a pseudonymous analyst with a track record of successful calls, recently shared insights with his large following on X regarding Bitcoin’s current price action. He highlighted the importance of Bitcoin staying above the $75,000 level to prevent a significant downturn.

According to KillaXBT, Bitcoin could face resistance around the $80,000 mark in the near future. However, he emphasized that a drop below $75,000 could signal the start of a downtrend for the leading cryptocurrency.

Furthermore, the analyst pointed out that reclaiming the $80,000 range is essential for Bitcoin to confirm a bullish trend. Failure to surpass this level could result in a scenario where late short positions are squeezed before a potential reversal towards the $74,000 region.

In a cautionary note, KillaXBT highlighted the possibility of Bitcoin correcting to the realized price level, currently estimated at $54,000. The realized price metric calculates the average price of all circulating Bitcoins based on their last movement.

The analyst suggested that if Bitcoin does embark on a downward trajectory, it could take several months to reach the $54,000 level. However, a failure to revisit lower price levels below $60,000 within that timeframe may indicate a shift in market dynamics.