Bitcoin has fallen to its lowest since October 2024, «death cross» on Ethereum: what’s next?

Recently, cryptocurrencies have been going through a rough patch. Even bitcoin is going through a difficult period: On February 25, its price dropped from $89 thousand to its lowest level since October 2024. Approximately 12% of all bitcoin addresses have suffered losses.

On the Ethereum chart, there is a «death cross» — crossing of the 50-day moving average below the 200-day, which is a bearish signal (for further decline). Since Bitcoin and Ethereum are closely correlated, this adds to the pessimism in the market.

Other popular tokens are also under pressure: BNB, SOL, DOGE, and LINK are all trading below their 200-day SMAs, as is ETH.

Interestingly, in 2020, former Binance CEO Changpeng Zhao (CZ) made a prediction about the BTC exchange rate in 2025. He wrote about a drop from The current situation suggests that a further drop is possible. This was also mentioned byFoundation Devices CEO Zach Herbert and cryptanalyst Ali Martinez.

Bitcoin price forecast for the future

1. If the decline continues, bitcoin may test the $86 thousand level or even lower — to $70 thousand, noted analysts at CryptoQuant. This could happen due to further liquidations and a weak inflow of new capital (thanks to Trump, scam artists, as well as hackers).
2. Other experts consider the current drop to be a temporary correction after a significant growth in 2024, when bitcoin exceeded $100 thousand. If the market stabilizes, the price may return to the range of $90 thousand — $100 thousand by mid-2025.
3. Some forecasts remain ambitious. For example, HashKey Group provides for bitcoin’s growth to $300 thousand in 2025 under favorable regulation (particularly in the United States) and institutional capital inflows.