Incoming Bitcoin crash? Key indicator hints at drop to $95,000
As Bitcoin (BTC) continues to enjoy an extended stint above the crucial $110,000 support zone, technical indicators are flashing warning signs. This comes as Bitcoin retreated further from the $120,000 resistance level amid a broader cryptocurrency market downturn. Looking at the price outlook, the asset’s weekly Relative Strength Index (RSI) has dropped below the 14-week Simple Moving Average (SMA), a pattern that has historically signaled downturns in Bitcoin’s price, according to an Analysis by cryptocurrency trading expert Ali Martinez posted on August 6. Bitcoin price analysis. Source: TradingView Notably, in June 2024, a similar RSI breakdown preceded a nearly 23% decline, while another instance in December 2024 saw Bitcoin fall more than 25%. The same signal has now reappeared in early August 2025, with Bitcoin trading around $113,000. According to Martinez, if history repeats, Bitcoin could fall between 20% and 30% from its recent highs, placing a...