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After days of fluctuating around the $105,000 range, Bitcoin appears to be 
succumbing to pressure from bears and profit-taking from traders. The most 
recent 24 hours were marked by Bitcoin losing its hold on the $105,000 price 
level, crashing until it rebounded at a lower support range around $101,000. 
However, technical analysis of Bitcoin&#8217;s daily candlestick timeframe chart 
shows that this price level is increasingly under threat, and a formation is 
currently in place that could lead to a price crash towards $96,000. Bitcoin 
Head And Shoulders Pattern Forming Crypto analyst Titan of Crypto has 
highlighted what is a textbook head and shoulders formation on the daily 
chart. This bearish pattern, if completed, would imply a breakdown toward the 
$96,000 price zone, according to the analyst. Related Reading: Major Bitcoin 
Price Drop Alert: Crash To $98,000 To Fuel Altcoin Buying Opportunity The 
setup is clearly defined by a peak (head) around mid-May that is flanked by 
two lower highs (shoulders) on either side, all sitting atop a slanted 
neckline that now acts as the last line of support. As of now, Bitcoin is 
trading just above this neckline, testing its structural integrity. In 
technical analysis, a clean break below the neckline accompanied by strong 
volume often activates the measured move from the head’s peak to the neckline, 
projected downward. Based on the chart, that drop points directly to $96,054. 
This puts Bitcoin at risk of a near 8% drawdown from current levels, with 
little support in between. Aside from this formation, Bitcoin&#8217;s daily RSI is 
currently around the 50 reading, which is a zone that often triggers 
reactions. As such, a drop below this midline will confirm a bearish shift in 
momentum. Bitcoin Price Action Closing On Bearish Mode If Bitcoin does 
collapse toward the $96,000 level, it would mark a departure from the bullish 
strength that dominated its price just two weeks ago when it registered a new 
all-time high at $111,814. Since then, however, Bitcoin has lost subsequent 
support levels at $110,000, $107,000, and $105,000, which now places the next 
zone of importance at $103,000. Should Bitcoin fail to hold above that 
threshold, the pressure would likely shift toward the $101,000 level, which 
could act as the final buffer before steeper declines. Related Reading: 
Bitcoin Price Crash Below $100,000 Still Possible: Analysts Issue Downtrend 
Warnings Interestingly, the neckline level of the inverse head and shoulders 
pattern highlighted by crypto analyst Titan of Crypto is around the $103,500 
price level. Bitcoin broke below this price level in the past 24 hours, but 
the bulls managed to prevent further losses below $101,700. This has led to 
the creation of lower lows on the daily timeframe. At the time of writing, 
Bitcoin is trading at $103,250, which means it is back to testing the neckline 
resistance from below. Its reaction here would determine if it eventually 
crashes toward $96,000. If sellers take control at this level, it would not 
only confirm the head and shoulders breakdown but could also lead to a short- 
term capitulation across other cryptocurrencies. Featured image from Getty 
Images, chart from Tradingview.com

Bitcoin Price Crash Trigger To $96,000: The Head And Shoulders Pattern That’s Forming

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Bitcoin has continued to show strength amid rising macroeconomic uncertainty, 
with surging U.S. bond yields and escalating global tensions keeping markets 
on edge. However, recent political drama has injected new volatility into the 
crypto space. The world’s leading cryptocurrency experienced a sharp 5% 
pullback after a highly publicized clash between Elon Musk and US President 
Donald Trump unfolded on the social platform X. The dispute, centered around 
the “Big Beautiful Bill” criticized by Musk, quickly triggered reactions 
across financial markets. Related Reading: Solana Horizontal Support Under 
Pressure – Bearish Target At $142 According to top analyst Darkfost, last 
night marked the most significant shift in trader behavior on Binance so far 
in 2025. As the political spat gained attention, traders responded rapidly, 
viewing the event as a risk-off signal. The fallout was immediate in the 
derivatives market, where Binance’s net taker volume plunged from $20 million 
to -$135 million in under eight hours. This dramatic shift marks the largest 
net taker volume decline of the year, highlighting just how sensitive crypto 
traders remain to political developments. While Bitcoin holds key levels for 
now, market participants are watching closely to see if this pullback will 
deepen or become a launchpad for the next move higher. Bitcoin Rebounds From 
$100K Support But Faces Resistance Ahead Bitcoin is once again at a pivotal 
point after rebounding from the $100,000 support level and climbing to the 
$103,000 range, showing resilience despite recent volatility. The move signals 
strength among bulls, but the broader market remains cautious as all eyes turn 
to the $112,000 all-time high. A breakout above that level could ignite a new 
leg up, but failure to maintain momentum may lead to a deeper correction below 
current demand levels. Macroeconomic conditions continue to weigh on market 
sentiment, with rising US bond yields and escalating geopolitical 
tensions—particularly the public clash between Elon Musk and US President 
Donald Trump—injecting uncertainty into global risk assets. The reaction was 
clearly visible in the crypto derivatives market. Top analyst Darkfost 
reported that the net taker volume on Binance experienced a record shift, 
plunging from $20 million to -$135 million in under eight hours. This marks 
the largest decline in directional sentiment seen in 2025. The net taker 
volume reflects the imbalance between aggressive longs and shorts, and such a 
steep drop points to traders rapidly flipping bearish. This sharp reversal 
indicates fear-driven positioning. However, should Bitcoin rebound 
convincingly, it could trigger a cascade of short liquidations, potentially 
fueling a strong rally toward new highs. Related Reading: Ethereum Mirrors 
Bitcoin 2020 Breakout Setup – Historic Run Incoming? Price Action Details: 
Testing Key Level The 4-hour Bitcoin chart shows a strong rebound after 
briefly breaking below the $103,600 support level. BTC dipped as low as 
$101,159 before buyers stepped in aggressively, driving the price back to 
$103,826 at the time of writing. This bounce came precisely at the 200-period 
moving average (red line), signaling that bulls are still defending key demand 
zones despite recent volatility. The recovery candle printed with rising 
volume, suggesting renewed interest and a potential short-term trend reversal. 
However, Bitcoin still faces critical resistance ahead, with the 50, 100, and 
200 EMAs (green, blue, purple lines) now acting as dynamic resistance between 
$104,600 and $107,000. A close above these levels would confirm strength and 
could open the door for a retest of the $109,300 resistance. Related Reading: 
Solana Analyst Sets $300 Target – Can Bulls Sustain A Rally? For now, the 
price action indicates a high-stakes battle between bulls and bears. If BTC 
holds above $103,600 and builds momentum, the market could regain confidence 
and push higher. However, failure to reclaim the moving averages may signal 
exhaustion and expose the price to another retest of the $100K psychological 
level. Featured image from Dall-E, chart from TradingView

Bitcoin Sees Largest Net Taker Volume Drop Of 2025 –  Traders React To Trump-Elon Clash

The series’ website issued a notice in May warning of a “fraudulent 
cryptocurrency scheme” using its branding to lure investors.