Bitcoin (BTC) price is starting to fall again after reaching its all time high of $102,000. Right now, it trades just above $103,000 but some analysts are warning that a deeper correction may be underway. One of those voices is Crypto Patel, who recently pointed out that Bitcoin has lost a key support level and may not bounce back quickly. Based on his analysis, the next possible targets for BTC could be $100,000, $90,000 and even as low as $85,000.
His concern is that this is not just a short term dip. Instead, it might be a deeper market reset where experienced traders are exiting positions and waiting for lower prices before buying again. If that turns out to be the case, Bitcoin could drag the entire crypto market down with it, especially if retail investors stay quiet and no altseason begins.
So what does this mean for Onyxcoin (XCN)? If Bitcoin drops to $85,000 and interest in altcoins disappears, how far could XCN price fall?
What you'll learn 👉
Onyxcoin (XCN) Price Has a History of Overreacting to Bitcoin Moves
To answer that question, it helps to look at how XCN price has moved compared to Bitcoin in the past few months.
Since around May 22, Bitcoin has dropped by about 7%. During that same period, XCN has fallen by more than 20%. That shows Onyxcoin tends to react more aggressively to market corrections.
Earlier in April, between the 6th and 11th, XCN saw a massive jump of over 250%. But this rally had little to do with Bitcoin. It was triggered by Onyxcoin specific news like upgrades and ecosystem activity. Meanwhile, Bitcoin started rising in early May and moved from $75,000 to $112,000 over the next few weeks.
From January to May, Bitcoin had a full cycle where it dropped from $109,000 to $74,000 then climbed again. XCN moved differently. In January, it surged by nearly 2,000%, going from $0.002 to $0.049. That move was also fueled by internal Onyxcoin events. After the pump, XCN started falling sharply as investors took profits. By March, it was trading around $0.008.
Looking back to late 2024, XCN had another strong rally. Between November and December, it climbed from $0.0011 to $0.0037, gaining more than 200%. During this time, Bitcoin was also climbing fast. It went from $50,000 in October to over $109,000 by January.
What this tells us is clear. XCN can rally on its own when the project has strong updates. But when the market goes red, XCN often falls even harder than Bitcoin. If Bitcoin goes to $85,000, XCN might be one of the altcoins that gets hit the most.
Key 2025 Onyxcoin Developments That Could Influence XCN Price
Even though the market looks shaky, Onyxcoin has continued to improve its platform and ecosystem. In 2025 alone, several major upgrades have been released.
A new liquid staking system called sXCN now allows users to earn staking rewards without locking up their tokens. The Goliath update improved network speed and made transactions cheaper. Onyxcoin also expanded its bridge network, allowing smooth transfers between Ethereum, Base and its own Layer 3 network.
Another major event was the resolution of legal concerns involving its founder. That helped remove uncertainty and brought back some investor trust.
Looking ahead, more updates are coming. Governance 2.0 will offer better decentralized control. The project is also working on new integrations with other chains and plans to adjust for changing regulations in DeFi. Developer growth is also a major goal this year.
All these updates are good for long term value. But if Bitcoin crashes and money leaves the altcoin market, even the strongest fundamentals might not protect XCN in the short term.
Related Article: 4 Reasons Why Onyxcoin (XCN) Price Is Still Undervalued
Price Prediction: How Low Could XCN Go If Bitcoin Falls to $85K?
To get a sense of where XCN might go, we asked ChatGPT to create three possible scenarios based on Bitcoin falling to $85,000. These are ideas based on past behavior and current market structure. For reference, BTC is now at $103,000 and XCN is around $0.016.
Bearish Scenario
If Bitcoin crashes and funds do not move into altcoins, XCN could drop by 40% to 50%. That would take the price down to between $0.008 and $0.0095, which is where it traded in March.
Neutral Scenario
If Bitcoin dips but altcoins hold steady, XCN might fall about 25%. That would place it near $0.012.
Bullish Scenario
If Onyxcoin developments spark renewed interest despite a Bitcoin pullback, XCN could hold up better. It might stay above $0.014, showing strength compared to other tokens.
The bottom line is that XCN has a history of big moves both up and down. While its ecosystem is growing fast, its price still reacts heavily to Bitcoin trends. If BTC heads to $85,000 and no altcoin rotation happens, XCN could be in for another sharp decline.
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