Bitcoin is once again under pressure , and according to prominent analyst Gordon, the long-feared breakdown is now in full motion.
In a recent post on X, Gordon declared, “BTC crash has just started.
It’s over for bulls,” accompanying the warning with a technical chart that paints a stark picture.
His analysis suggests Bitcoin has broken out of a bearish reversal pattern with significant downside potential.
A Head and Shoulders Breakdown Signals Trouble Gordon’s chart shows a classic Head and Shoulders formation, a time-tested bearish reversal pattern.
The structure includes a left shoulder (LS) formed in February, a higher peak or “head” in April, and a right shoulder (RS) formed by June.
The neckline, a key level of horizontal support around $112,00, was decisively broken in late July.
After a failed retest of this neckline, Bitcoin began plunging again, confirming what many chartists feared: a full technical breakdown.
Gordon projects a continuation of this bearish trend, potentially targeting levels below $100,000. $BTC crash has just started It's over for bulls pic.twitter.com/n0PHlgfQ4H — Gordon (@AltcoinGordon) August 1, 2025 Bitcoin Price Action Confirms the Breakdown As of report time, Bitcoin is trading around $114,700, having lost more than 6% from its July high of $122,838. In the past 24 hours alone, the cryptocurrency is down approximately 3.2%.
Price action confirms that bulls are losing ground rapidly, with each attempt to reclaim previous support levels being rejected.
The $112,000 zone, now turned resistance, is proving too strong for bulls to overcome.
This failed reclaim only strengthens Gordon’s bearish thesis.
A daily close below $114,000 could accelerate selling pressure as traders react to the confirmed Head and Shoulders collapse.
We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Macroeconomic Risks Amplify Bearish Sentiment The technical setup isn’t the only thing weighing on Bitcoin.
The broader macroeconomic environment is compounding the decline.
Recent U.S. tariff policies under President Donald Trump have rattled global markets, with crypto assets among the hardest hit.
According to Barron’s, the renewed trade tensions have triggered broad risk-off behavior, prompting investors to move capital out of volatile assets like Bitcoin.
Additionally, fading hopes of a near-term interest rate cut from the Federal Reserve have cooled enthusiasm from institutional investors.
As economic uncertainty rises, liquidity is drying up in speculative markets, leaving Bitcoin exposed to sharper corrections.
What’s Next for BTC? While long-term bulls point to declining exchange balances and steady whale accumulation as signs of strength, these factors have so far failed to stop the current slide.
Some analysts support the view that Bitcoin may continue to retrace , citing deteriorating volume, weakening momentum, and historic cycle timing.
Some even warn of a potential drop to $85,000 if support levels around $102,000 fail.
For now, the message is clear: the bullish trend has been broken, and unless Bitcoin can reclaim $116,000–$118,000 in the near term, the path of least resistance is downward.
Gordon’s warning may have arrived just in time for those still holding on to hope.
The charts are now doing the talking, and they’re not bullish.
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