Bitcoin price is hanging just under $105,000 after a strong multi-month rally, but some well-known traders are starting to sound the alarm. According to Crypto Seth and CryptoPatel, the charts are flashing signs that a correction might be around the corner. One of them even suggests a possible drop all the way to $60,000 if key support doesn’t hold.
On X, Crypto Seth posted CryptoCapo’s latest chart, which shows Bitcoin price getting rejected from the $108,000 to $111,000 zone. That’s the same range as the 2024 all-time high, and the price pattern looks like a rounded top, a shape that usually hints at momentum fading.
One of the most important levels right now is $93,000. If BTC price falls below that, the chart points to a possible sharp move down to around $73,800. From there, things could dip further into the $60,000 to $65,000 zone.
That range isn’t random, it lines up with the April 2021 all-time high near $64,899 and the November 2021 breakout zone around $69,000. According to CryptoCapo, if Bitcoin breaks support, those areas could be where new buyers eventually step back in.
🚨 It is over guys… Capo say $BTC 60K incoming. 😭
— Crypto Seth (@seth_fin) June 19, 2025
He also said "Show me the chart and I will tell you the news" this guy is no joke. The Nostradamus on X. pic.twitter.com/VNYhaOMfwI
Bitcoin Momentum Weakening as RSI Divergence Emerges
Market analyst CryptoPatel highlighted a bearish divergence forming on the five-day chart of BTC/USDT. While the price is recording higher highs, the Relative Strength Index (RSI) is recording lower highs. This type of divergence tends to signal declining buying momentum and raises the likelihood of a trend reversal.
Patel compares this pattern to one observed around the $16,000 level late in 2022. At that time, a bullish divergence on RSI preceded a major upward move toward $112,000. He now sees the reverse setup forming at the current highs, suggesting a potential top and corrective move ahead.
Read Also: Was The FOMC Meeting a Complete Disaster for Bitcoin and Crypto?
BTC Price Support Levels Traders Are Watching
Bitcoin continues to respect its larger uptrend off the 2023 lows. $63,000 is significant support from late 2024, and $42,000 is a longer-term level from earlier consolidation. Analysts agree that if momentum continues to weaken, these zones may be tested.
Both charts emphasize the role of price structure over market sentiment, as traders watch for confirmation of a larger shift. Tweets from Crypto Seth and others reflect both surprise and caution, as more traders acknowledge the technical setup that could trigger a pullback for BTC price.
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