Bitcoin and Ethereum Are Crashing: Is the Big Correction Here?

Crypto traders can hardly believe it: Bitcoin and Ethereum are going through an unexpected turbulence zone. With a bitcoin falling below 100,000 dollars and an ether far from shining, the indicators are turning red. The charts suggest a concerning double-top pattern, while analysts are watching critical support for BTC. The crypto market is faltering, but one lesson remains: after the storm, calm.

The double top: a warning for Bitcoin and Ethereum

Bitcoin is acting like a yo-yo and threatens to confirm a bearish double top, a configuration feared by chartists. By flirting with 108,000 dollars twice, even 109,000 dollars, the star of cryptos seems to be losing its breath.

The neckline, located around 91,300 dollars, is under surveillance. A close below this threshold could precipitate BTC towards a target of 75,000 dollars.

Some key figures to remember:

• Recent peak: around 108,000 dollars;
• Critical support: 91,300 dollars;
• Potential bearish target: 75,000 dollars.

To make matters worse, Ethereum is also under enormous pressure. In a week, Ether fell by more than 11%, oscillating between 3,222 and 3,278 dollars. Its market capitalization remains strong at 393 billion, but the volatility worries investors.

For Ryan Lee, chief analyst at Bitget Research, the situation looks different:

“Ethereum is currently trading between 2,900 and 3,500 dollars, with technical analysis indicating a neutral trend. The MACD suggests stability, and holding above the support level of 2,900 dollars could pave the way for a test of the resistance at 3,500 dollars in the short term.“

FOMC, DeepSeek and the nervousness of the crypto market

The crypto market is dancing to the rhythm of macroeconomic and technological news. The FOMC meeting scheduled for this week keeps traders on their toes: no rate cuts in sight, which cools off risky assets. Bitcoin, correlated to American indices, is suffering from the contagion of Wall Street, which is itself shaken by the Chinese AI giant, DeepSeek.

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With production costs challenging OpenAI, DeepSeek questions the astronomical valuations of American tech companies. This shock is reflected in the crypto market’s decline: a 8% drop in capitalization and massively bearish options for the BTC price (strike at 95,000 dollars).

Despite this tense climate, influential players like MicroStrategy continue to accumulate cryptos, reaffirming their faith in this sector.

The recent creation of a crypto think tank in the United States, ordered by Trump, could also offer a long-term respite.

In summary, while Bitcoin has already experienced impressive highs in 2025, the current corrections do not discourage veterans. Confident, they remind that any drop is an opportunity for a rise.