Bitcoin Price Prediction: Trillion-Dollar Asset Manager BlackRock Says Bitcoin’s 50% Crash Changes Nothing — Is BTC Still a Buy?

Bitcoin has lost roughly half its value from its record high, but one of the world’s biggest asset managers is refusing to back away.

BlackRock says the brutal sell-off has not changed its long-term investment case for Bitcoin, arguing that much of the decline came from crypto-market deleveraging and shifting investor flows rather than a breakdown in Bitcoin itself.

That is a striking message with BTC now trading near $65,000. If BlackRock is willing to look beyond a 50% crash, the bigger question is whether today’s weakness is a warning or an opportunity.

And the chart may be getting close to giving investors an answer.

Bitcoin Price Prediction: Could This Triangle Send BTC Back to $82,000?

Bitcoin is trading around $64,800 after spending weeks compressing inside a clear symmetrical triangle on the four-hour chart.

Lower highs and higher lows are squeezing BTC into an increasingly narrow range, a setup that often ends with a sharp move once either trendline breaks.

Source: TradingView

Momentum is also running hot. BTC’s RSI sits around 70, showing strong buying pressure but putting Bitcoin close to overbought territory.

A confirmed breakout above the triangle could first push BTC toward $68,000 before opening the door to the larger $82,000 target marked on the chart.

But the setup cuts both ways. If Bitcoin breaks below the rising support line instead, the next major downside level sits around $57,000.

If BlackRock Is Looking Beyond the Crash, What Should Investors Be Watching Next?

A 50% Bitcoin drawdown can make it difficult to look beyond the next candle, but major investors are often positioning around trends that play out over years, not days.

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