BTC Warning: Altcoin Sherpa Warns Bitcoin Price Could Volatilize Amid Market Turmoil
Cryptocurrency trader predicts turbulent Bitcoin market in upcoming weeks, revealing his price targets.
Hey there, Crypto Buddy! Here's what's going on with Bitcoin, as per the warnings by the popular crypto strategist, Altcoin Sherpa.
With Donald Trump's tariffs causing turmoil in the broader market, Bitcoin could face a rollercoaster ride over the next few weeks, Accroding to Altcoin Sherpa. He predicts that the king of crypto could consolidate between $70,000 and $90,000.
"I'm expecting there's some sort of chop between $70,000-$90,000 over the next several weeks for BTC. Relative bottom probably in, but there's still some more consolidation to come."
Altcoin Sherpa believes that BTC will hit the upper range of the trading range, $90,000, as trading volume picks up.
"I think BTC is going to retest $90,000 soon. After that, I have no idea."
Looking at his chart, the trader suggests that Bitcoin might be gaining momentum towards the upper bound of the trading range after crossing the 100-day exponential moving average (EMA) at $81,980.
However, a loss of support at $78,000 on the weekly timeframe might trigger steep market decline, Altcoin Sherpa warns.
"Still gives May 2021 vibes for BTC. Chop, chop, chop in this region while alts can have some moves. Lose that weekly wick low at $78,000 on HTF (high timeframe) charts, and things get ugly quickly."
As of writing, Bitcoin is trading for $82,393, up 3.5% from the previous day.
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Behind the Scenes
In a recent analysis, Altcoin Sherpa highlighted that Bitcoin could face instability due to geopolitical tensions between the U.S. and China, impacting its price negatively. Additionally, he previously expressed concerns about the market conditions, considering the possibility of a significant decline in Bitcoin's price to as low as $50,000 by the end of the year [1][2]. However, it's important to note that this $50,000 figure was later clarified as a joke, not a serious prediction.
[1] https://www.thedailyhodl.com/2025/05/31/cryptocurrency-trader-unveils-absolute-worst-case-scenario-for-bitcoin-as-btc-struggles-to-clear-110000/[2] https://www.thedailyhodl.com/2025/05/28/3450000000000-asset-manager-urges-us-to-get-house-in-order-warns-debt-now-increasing-faster-than-economic-growth/
The cryptocurrency market could see an increase in volatility, with Bitcoin potentially trading between $70,000 and $90,000 due to market turmoil, as per Altcoin Sherpa. This expert believes that the upward surge of Bitcoin might push it to retest $90,000 soon, but warns that a loss of support at $78,000 could lead to a significant market decline. On a lighter note, Altcoin Sherpa previously mentioned that a potential decline in Bitcoin's price to $50,000 was a joke, not a serious prediction. It's also worth noting that altcoins might have some market movements during this period within the blockchain and finance landscape.
