Analyst Predicts Bitcoin Price Path to $70K: Is This Level Inevitable?

As Bitcoin approaches the end of the year, it looks poised to conclude 2025 on a negative note, marking one of its worst fourth-quarter performances in recent years. However, many in the market are hopeful that 2026 could bring necessary relief. Recent analyses suggest that a more significant price correction could be imminent for this leading cryptocurrency.

Key Takeaways

Bitcoin is projected to end 2025 on a negative note, with potential for deeper corrections in 2026.
A forecast suggests Bitcoin could revisit the $70,000 – $73,000 range.
The Point of Control (POC) is crucial for understanding Bitcoin's support and resistance levels.
Traders should watch for reversal signals around the $72,000 level.
Maintaining the $70,000 – $73,000 zone is essential to prevent further declines and foster long-term bullish trends.

Bitcoin price

Will Bitcoin Price Approach $73,000 in Early 2026?

In a recent post on the X platform dated December 20, quant trader CryptoOnchain shared valuable insights regarding the current Bitcoin price landscape. According to this market analyst, the forecast for Bitcoin appears bearish, particularly as selling pressure remains noticeable on the charts.

CryptoOnchain explained that Bitcoin is trading near a critical Point of Control (POC). The POC represents the price level with the most trading activity in a given timeframe, acting as an important support or resistance area.

The analyst indicated that Bitcoin’s inability to swiftly bounce back to previous highs increases the chances of a drop below this POC, potentially falling within the $70,000 – $73,000 range. This area, identified as the last cycle’s peak, is essential as a "support flip," where buyers may enter the market with aggressive purchasing.

Bitcoin price
Source: @CryptoOnchain on X

Additionally, CryptoOnchain highlighted that the Divergent Relative Strength Index (RSI) supports the notion that Bitcoin could decline towards the $70,000 – $73,000 support zone. “Traders should monitor for reversal signals around the $72,000 mark,” the analyst urged.

However, the market analyst cautioned that maintaining the $70,000 – $73,000 level will be crucial to avert an even deeper correction and a prolonged bear market for Bitcoin. This "support flip" is vital for BTC to regain its long-term bullish trajectory and sustain its broader market trend.

Earlier in the year, Bitcoin dipped below the $75,000 mark during the first quarter, largely influenced by turmoil in global financial markets stemming from emerging trade wars. Therefore, a return to this price point could seem familiar to investors, even though it would represent an approximate 20% decline from current levels.

Current Bitcoin Price Snapshot

As of the time of this writing, Bitcoin is valued at around $88,330, with no significant fluctuation noted in the past 24 hours.

Bitcoin price
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView