Bitcoin Price Today: What if BTC Crashes to $85,000?

Bitcoin (BTC) price today trades at $104,881.0 on 11 PM. BTC price hit a daily high of $105,232.0 today after a 0.13% move on October 9. But this expert and popular crypto analyst is forecasting a potential BTC price crash to $85,000, not in August, but in April. Will such a crash occur? What could happen to crypto markets in this scenario?

Bitcoin Price Today is Crashing. Why?

Bitcoin price today is down 0.13%, continuing the rangebound movement it began on January 19. In this sideways movement, BTC has experienced massive volatility that created an all-time high (ATH) at $110,000 with no significant progress. Currently, BTC price trades at $104,881.0 above the $102.2K to $92.7K range. Hence, the reason for the recent downtick in BTC is the ongoing consolidation. But if there’s a crash, how low can the price go? One expert analyst poses a “what if” question, pushing investors to think what would happen if Bitcoin crashed to $85,000.

*bitcoin price updated as of 11 PM.

Will Bitcoin Crash to $85,000? 

Popular analyst Ansem’s Bitcoin price forecast on X notes a potential crash to $85,000 in April instead of August 2025.

“many are saying august reminder, but what if its, april reminder”

The expert points to Bitcoin’s April 2024 price action, which suggests a potential crash to $85,000. Based on this fractal, Ansem opens up the possibility of the April 2024 fractal repeating history in April 2025.

From a technical standpoint, it makes sense for Bitcoin to crash below $85,000. This move would sweep the sell-side liquidity resting below $90,000. A clear support level below $90K would be around $85,000.

Does On-chain Metric Support a Crash?

The 30-day Market Value to Realized Value (MVRV) ratio shows that it is currently in the danger zone. This zone is where 30-day BTC holders with unrealized gains tend to sell, leading to a price reversal. Hence, investors can expect a short-term correction.

But interestingly, Bitcoin price action and 30-day MVRV show similar fractals to what elapsed in Q1 2024. Hence, the chances of history repeating are high here.

Key Levels To Watch 

The four-hour Bitcoin price chart shows that $102K is now the key support level to watch. A breakdown or bounce here will determine where BTC could go next.

Most investors expect a bounce from $102K. In such a case, the current ATH at $110K is the key resistance level. Beyond this, the 161.8% Fibonacci extension level at $120K could be where BTC sets its next peak.

On the contrary, a breakdown of the $102K support level could send BTC into the buy zone, which extends from $99.1K to $96.7K. There is a high chance that sidelined buyers may accumulate here. However, if the selling pressure is high, then Bitcoin price could revisit the range low of $92.7K.

If the crypto analyst Ansem’s prediction were to come true, bears need to break the $92.7K support level with a daily or weekly candlestick close below it. In such a case, the price could dive toward the next key area of interest at $85K.