Despite current bearish sentiment, experts see Bitcoin’s ( BTC ) short-term crash as a temporary setback, with the asset poised for further gains. With Bitcoin nearing the $110,000 support level, analysts believe it could be headed for a blow-off top, a rapid, steep price surge driven by frenzied buying, typically followed by a sharp correction. Specifically, in an X post on October 11, Glassnode co-founders Jan Happel and Yann Alleman, who use the pseudonym Negentropic , noted that the flash crash highlights Bitcoin’s resilience. Their outlook pointed to a short-term breakdown at $118,000 but emphasized that this event is only a temporary bump in the road. They predict that volatility will persist over the coming days, but prices are likely to climb higher by the end of the month. This flash crash creates an even stronger case for a blow off top. If you look at $btc it has just proven its resilience. This is a prelude to the correction that we will get when the actual top sets in. Our flash crash signal on @bitcoinvector showed the short term… — 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) October 10, 2025 Clearing the way for blow-off top On the other hand, macroeconomist Henrik Zeberg echoed this view, describing the crash as a clearing mechanism that could set the stage for a blow-off top. He warned that investor FOMO (fear of missing out) may drive a surge in buying, creating a dynamic that could push Bitcoin even higher before a market correction occurs. Overall, experts recommend long-term strategies, such as dollar-cost averaging (DCA), to navigate the turbulence. 100% agree! In its own weird way…. The flash crash cleared the path for the BlowOffTop. Market top is NOT in. And now investors will FOMO in which will create a new Dynamic. Strange – and unbelievable? Perhaps! But – that is what I see https://t.co/eAfZAc0xo7 — Henrik Zeberg (@HenrikZeberg) October 11, 2025 This outlook comes after Bitcoin led the cryptocurrency market in wiping out over $400 billion in 24 hours as investors reacted to a new trade war escalation between the United States and China. Notably, after appearing to make progress, both countries are now considering new retaliatory tariffs, which have spooked investors. Bitcoin price analysis By press time, Bitcoin was trading at $111,683, having crashed over 8% in the past 24 hours, while on the weekly timeline, the asset has plunged 8.6%. Bitcoin seven-day price chart. Source: Finbold As things stand, bulls need to step in to help Bitcoin maintain the $110,000 support level for room to reclaim the $115,000 resistance zone. Featured image via Shutterstock The post Bitcoin set for ‘blow-off top’ after devastating crash, experts predict appeared first on Finbold .
