Bitcoin Price analysis suggests an interesting trajectory as we approach the new year. Despite a challenging Q4, a recent evaluation hints at a potential Bitcoin price correction, which could see the market leader revisiting significant levels in the near future.
Bitcoin Price to Revisit $73,000 in 2026 Q1?
On December 20th, CryptoOnchain, a renowned quant trader, shared insights on the X platform regarding Bitcoin’s current price structure. According to the analyst, the Bitcoin price is currently under selling pressure, which may lead to a bearish scenario.
The price is hovering around the key Point of Control (POC), a level characterized by the highest volume of trading activity. This POC serves as a critical support or resistance zone, making it a focal point for traders.
CryptoOnchain predicts that the failure of the Bitcoin price to regain previous highs could result in it breaking below the POC, potentially heading towards the $70,000 to $73,000 range. This range, once the peak of the last cycle, is significant as a “support flip,” where aggressive buying might occur.
Analyzing Bitcoin’s Price Path
The divergent Relative Strength Index (RSI) further supports the hypothesis of Bitcoin falling to the support cushion around $70,000 to $73,000. “Traders should watch for reversal triggers around the $72,000 level,” the analyst advised.
Maintaining the $70,000 to $73,000 zone is crucial. Failing to hold this support could lead to a deeper correction, potentially prolonging the bear market. For Bitcoin to maintain its long-term bullish structure and macro trend, this “support flip” is essential.
Earlier this year, Bitcoin dipped into the sub-$75,000 region, reacting to global financial market turbulence. Returning to these levels may feel familiar to investors, though it would also represent an almost 20% decline from current prices.
Bitcoin Price at a Glance
Currently, Bitcoin is valued at around $88,330, showing stability over the past 24 hours. As the market anticipates the next move, all eyes remain on the potential correction and its implications for 2026.
These insights into the Bitcoin price path provide a comprehensive understanding of its potential future, highlighting critical levels that could shape the market in the coming months.
