Bitcoin's Inevitable Dip: Why Analysts See a Path to $70,000 Before a 2026 Rebound
Bitcoin concludes the year facing a challenging Q4, registering one of its weakest performances in recent history. Despite this, market analysts are eyeing 2026 as a potential turning point, but not without first navigating a significant price correction that could see the cryptocurrency revisit critical lower support levels.
The Looming Correction: Bearish Signals Emerge
According to recent analysis from quant trader CryptoOnchain, Bitcoin's current market structure leans towards a bearish scenario. The digital asset is presently hovering around its Point of Control (POC), a crucial price level indicating the highest trading volume and acting as a pivotal zone of support or resistance. Analysts suggest that the failure of Bitcoin to quickly reclaim previous highs increases the likelihood of a break below this POC. Such a move would likely push Bitcoin towards the $70,000 - $73,000 range, a zone identified as a critical "support flip" from the peak of the last market cycle, where aggressive buying activity is anticipated.
Technical Indicators Point to a Crucial Support Test
Further reinforcing this outlook, the divergent Relative Strength Index (RSI) lends weight to predictions of Bitcoin retreating to the $70,000 - $73,000 support cushion. This range is not just a historical marker; its defense is deemed crucial to avert an even deeper correction and a prolonged bear market. A return to the sub-$75,000 region would be a familiar, albeit unsettling, sight for investors, as global financial market instability led Bitcoin to these levels earlier in the year. While a return would signify approximately a 20% decline from current prices, holding this zone is paramount for Bitcoin to re-establish its long-term bullish structure. As of the latest update, Bitcoin is trading around $88,330, exhibiting little significant movement over the past 24 hours. The impending test of the $70,000 - $73,000 range in early 2026 appears to be a pivotal moment that will determine Bitcoin's trajectory in the coming year, distinguishing between a temporary setback and a more enduring downturn.
