Bitcoin Crash: Analysts Warn of Deeper Downside as Oversold Levels Hit Extremes

Bitcoin is deeply oversold and at risk of further losses. Analysts warn the crash could extend if key support levels fail.

Rudy Fares

Rudy Fares

bitcoin prediction
Categories: BitcoinBTC Price

Bitcoin 2021 vs. 2025 – A Disturbing Pattern Reappears

When comparing the 2021 and 2025 charts side by side, the similarity is striking.

2021: Double Top → Black Friday → Collapse

  • $Bitcoin formed a broad double top.
  • A sharp correction around Black Friday marked the start of the major downtrend.
  • What looked like a normal dip eventually turned into a prolonged crash that erased months of gains.

2025: Same Structure, Just at Higher Prices

  • $BTC once again formed a weakening ascending structure.
  • The price tapped the upper trendline and failed — very similar to 2021.
  • The selloff that followed is now accelerating.

If this pattern continues to play out, Bitcoin may only be in the early stages of a larger corrective phase.

Bitcoin Now the Most Oversold Since 2023 — But the Downside May Not Be Over

The weekly RSI shows a rare signal:
Bitcoin is extremely oversold, reaching a zone last seen in 2023.

BTCUSD_2025-11-15_12-44-09.png

BTC/USD 1-week chart - TradingView

Historically, such readings have triggered strong reversals — but only after the downtrend exhausts itself.
During heavy crashes, these oversold periods can extend for weeks or months:

  • 2018 breakdown from 6K
  • 2020 COVID crash
  • 2022 post-FTX collapse

This means that while oversold, Bitcoin may still fall further before forming a real bottom.

Bitcoin Chart Analysis: What's Happening to Bitcoin Price

Based on the 4-hour chart:

BTCUSD_2025-11-15_12-46-07.png

BTC/USD 4-hour chart - TradingView

1. Loss of the $100,000 support

  • Bitcoin already lost the psychological 100K level convincingly.
  • This triggered a wave of panic selling.

2. Price hovering above the $92,870 support

  • This is the next major structural support.
  • Bitcoin is attempting to stabilize here, but momentum remains bearish.

3. Stoch RSI shows a potential bounce

  • A short-term relief rally is possible.
  • But until higher resistance levels are reclaimed, this is likely just a temporary reaction, not a trend reversal.

Bitcoin Price Prediction: How Low Can Bitcoin Fall?

Based on trend structure, oversold momentum, and historical fractals:

Short-Term Bearish Scenario

If $92,870 breaks:

  • $90,000 becomes the next immediate target.
  • Breaking 90K intensifies the crash.

Medium-Term Downside Targets

  • $88,000
  • $82,000
  • $74,000–$78,000 (typical deep-cycle bottom zone)

Bullish Reversal Scenario (less likely right now)

A meaningful recovery starts only if Bitcoin:

  • Reclaims $100,000,
  • Then breaks $106,000 with strong volume.

Until these two levels are recovered, the trend remains decisively bearish.

Rudy Fares
Article By

Rudy Fares

Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.

Regular updates on Web3, NFTs, Bitcoin & Price forecasts.

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