- Bitcoin consolidates near $93K with analysts predicting a possible dip to $75K before a major upward breakout toward new highs.
- Bitcoin’s leverage ratio across exchanges surged 60 percent in 16 months, signaling increased risk-taking among aggressive traders.
- Critical levels at $93K, $71.5K, and $69.1K will determine Bitcoin’s next major move as July 7, 2025, looms as a key date for the market.
Bitcoin (BTC) is about to reach a make-or-break point as it fluctuates just below $93,000, showing signs of consolidation following months of volatility. As of February 2025, analyst Egrag Crypto has consistently referred to Bitcoin’s period of correction. Recent events point towards one more decline of $75,000 potentially occurring before a strong reversal. However, any close above $100,000 would invalidate this fractal-based argument and can trigger quicker gains.
Besides, Bitcoin’s current trading range reflects support at $93,000 and critical lower support zones near $71,500 and $69,133. After a solid base at around $69,500 early this year, Bitcoin initiated a sharp rally from June to September 2025. In the process, it nearly doubled in value, reaching all-time highs of over $140,000 before heading into the current consolidation phase.
Leverage Ratio Surges Across Crypto Exchanges
Meanwhile, another crucial indicator has emerged. According to analyst Ali, Bitcoin’s estimated leverage ratio across all exchanges hit a two-year peak. As of April 25, 2025, the leverage ratio reached 0.2708, showing a steep rise from 0.17 in January 2024. Moreover, the leverage ratio began a steady climb in mid-2024, crossing key levels each month and accelerating from October onwards.
Additionally, the sharp increase continued into 2025, marked by extreme volatility between February and April. Hence, the latest reading reflects a 60% rise over the last 16 months. This surge suggests traders are increasingly taking on higher risk, often amplifying market movements. Higher leverage typically leads to sharper price swings, making Bitcoin’s current consolidation even more critical to monitor.
Key Dates and Price Levels to Watch
Egrag Crypto emphasizes an important date, July 7, 2025. This day is the end of the 90-day tariff duration, potentially influencing market sentiment. Besides, upside targets remain in focus, with $145,000 identified as an intermediate goal and $175,000 as a longer-term target.
However, any sustained breach below $93,000 could open the door to lower support zones, inviting increased volatility. Consequently, traders must remain cautious as Bitcoin teeters at critical technical levels.
