Bitcoin Price Crash Coming? Analyst Predicts 80% Drop Soon

Key Points

1. Bitcoin's recent 60% surge since November 2024 lacks fundamental support, with slowing GDP growth (1.8% projected for 2025) and rising unemployment (4.1% in June) signaling economic weakness.

2. Large Bitcoin holders (whales) are allegedly selling near the $110,000 resistance level, causing repeated price drops (e.g., 4% on May 23, 8% after June 10, and 1.44% after July 3).

3. Low trading volume suggests the rally is driven by a few large players rather than broad demand, increasing the risk of a sudden price collapse if whales exit en masse.

4. EDO FARINA warns of a potential 'black swan' event triggering a swift and severe crash, as the current price levels are not supported by strong market activity.

5. Historical data shows Bitcoin's volatility, with 304.1% gains in 2020 followed by a 64.3% drop in 2022, highlighting the asset's high-risk nature.