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.

The post Bitcoin Price Path: 5 Powerful Insights to a $70K Target appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The Ethereum price has recently experienced a sharp decline, shedding 5% amid a broader market pullback. This drop has raised apprehensions about a potential deeper correction in the near future. As Ethereum struggles to maintain stability above critical resistance levels, traders and investors are closely monitoring the market dynamics.

Ethereum Price Trends and Challenges

Initially, Ethereum attempted to hold its ground above the $3,500 mark but failed to sustain the momentum. The failure to stay above this level initiated a downward trend, similar to Bitcoin’s recent performance. The Ethereum price fell below $3,350, entering a short-term bearish zone, and even dipped beneath $3,250.

Currently, Ethereum is trading below $3,350 and the 100-hourly Simple Moving Average. Any recovery attempts may face resistance around the $3,300 level, which coincides with a key bearish trend line forming resistance at $3,500 on the hourly chart of ETH/USD.

Resistance and Support Levels

If Ethereum manages to stage a recovery, the primary resistance levels to watch are $3,350 and subsequently $3,500. A successful breach above these levels could potentially propel the price towards $3,650. A clear break in this region might signal further upward movement, possibly reaching the $3,800 resistance zone or even $3,880 in the coming days.

However, should Ethereum fail to surpass the $3,350 resistance, it could trigger another decline. The initial support on the downside is near $3,200, with the first major support zone around $3,150. A move below $3,150 could push the price towards the $3,050 support, with further declines potentially testing the $3,000 region. Additional support levels are identified at $2,880 and $2,850.

Technical Indicators and Market Outlook

The hourly MACD for ETH/USD is currently gaining momentum in the bearish zone, indicating potential further declines. Meanwhile, the hourly RSI is positioned below the 50 zone, reflecting the ongoing bearish sentiment in the market.

As Ethereum navigates these challenging market conditions, traders should remain vigilant and consider both resistance and support levels in their trading strategies. Understanding these dynamics can help in making informed decisions and mitigating potential risks associated with Ethereum’s price movement.

The post Ethereum Price Alert: 5% Drop Sparks Concerns of Major Correction appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

As Bitcoin embarks on its seventh week of the current price uptrend, the possibility of a Bitcoin correction is becoming increasingly likely. Historical data suggests that such corrections often occur after five to seven weeks of uptrend, leaving investors and analysts speculating on the future trajectory of BTC.

Bitcoin Correction: A Historical Perspective

Rekt Capital, a well-known trader and analyst, recently highlighted that Bitcoin is approaching a critical phase in its second “price discovery uptrend” since the 2024 halving. Traditionally, after each halving, Bitcoin experiences a series of uptrends, each followed by a correction. This cyclical pattern has been consistent throughout Bitcoin’s history.

According to Rekt Capital, the first price discovery uptrend typically concludes between week six and eight, while the second ends between week five and seven. With Bitcoin entering its seventh week, the market is on edge, anticipating a potential downturn.

Analyzing the Current BTC Price Uptrend

The current BTC price uptrend has seen Bitcoin’s value remain below $120,000. However, a chart shared earlier in the year suggests a potential target just shy of $160,000. Despite this optimism, the risk of a correction looms large. Past cycles have shown that corrections can begin as early as week six or as late as week eight, with 2025 marking a similar pattern.

In 2025, Bitcoin’s initial corrective phase saw the price drop from nearly $110,000 to below $75,000, marking a significant 30% dip. This kind of volatility is not unprecedented in post-halving cycles, underscoring the market’s inherent unpredictability.

Potential for New BTC Price Highs in Q4

Despite the looming threat of a Bitcoin correction, there is hope for new all-time highs later this year. Daan Crypto Trades, another market analyst, pointed out that while BTCUSD has yet to deliver consecutive “green” months in August and September, a correction now could set the stage for a robust Q4 rally.

Historically, Bitcoin has often experienced a sharp dip followed by explosive growth in Q4. This pattern, if repeated, could lead to significant gains by year’s end.

Data from CoinGlass shows BTCUSD has risen by 2.1% in August, exceeding the 1.8% historical average. However, September typically sees a 3.8% decline, suggesting that any current gains might be short-lived.

Investors are advised to exercise caution and conduct thorough research before making any trading decisions. The inherent risks of the crypto market require a strategic and informed approach.

This analysis does not constitute financial advice. Every investment decision should be made with careful consideration and awareness of potential risks.

The post Bitcoin Correction: 7 Shocking Insights on BTC Price Uptrend Risks appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

XRP saw a significant rise, breaking past the $2.850 zone. Currently, it’s trading above $2.80 and the 100-hourly Simple Moving Average. A crucial bullish trend line has been identified, with the support at $2.820 on the hourly chart of the XRP/USD pair (data sourced from Kraken). If it maintains above the $2.750 area, another upward movement could be on the horizon.

Following a secure position above the $2.650 level, similar to Bitcoin and Ethereum, XRP initiated a new surge. The bulls led the way, pushing the price beyond the $3.00 mark. Having reached a high of $3.0324, the asset is now seeing some losses. It slipped below the 50% Fibonacci retracement level of the rise from the $2.660 low to the $3.0324 high.

Now trading above $2.80 and the 100-hourly Simple Moving Average, a crucial bullish trend line with support at $2.820 on the XRP/USD pair’s hourly chart is also present. On the uptake, resistance is expected near the $2.920 level. The primary major resistance is around the $2.950 level. A decisive move beyond the $2.950 resistance could propel the price toward the $3.020 resistance. Further gains might push the price to the $3.080 resistance, or even $3.120 in the short term. The next significant barrier for the bulls could be the $3.20 zone.

However, if XRP fails to break through the $2.950 resistance zone, another descent could begin. Initial support on the downside is near the $2.820 level and the trend line zone. The subsequent major support is around the $2.80 level and the 76.4% Fibonacci retracement level of the upward move from the $2.660 low to the $3.0324 high.

If a downward break occurs, closing below the $2.80 level, the price may continue to drop towards the $2.750 support. The next significant support rests near the $2.650 area.

Technical Indicators

• Hourly MACD – The MACD for XRP/USD is currently slowing down in the bullish zone.
• Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now under the 50 point.
• Major Support Levels – $2.820 and $2.750.
• Major Resistance Levels – $2.950 and $3.020.

The post XRP Sees Price Adjustment Following Impressive Surge — Key Support Zones Under Watch appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

During this 12-day conflict, Bitcoin experienced a temporary dip below the $100,000 mark, causing market instability. However, after US President Donald Trump announced a ceasefire agreement between Israel and Iran, global risk sentiment improved, sparking a Bitcoin rally. This resurgence saw Bitcoin surpass the $106,000 mark on Wednesday.

The latest data analysis suggests that amid continuing geopolitical uncertainty, Bitcoin could potentially surge to $120K. This prediction comes after Bitcoin successfully reclaimed its 50-day Exponential Moving Average (EMA), a critical technical indicator often used as support during broader bullish trend corrections.

Historically, when Bitcoin dips below this level and swiftly regains it, the market typically responds with a speedy 10-20% price surge. This trend seems to be recurring, with Bitcoin closing above the EMA for three consecutive days, signaling strengthening bullish momentum.

Market analysts at CryptoQuant suggested that this recovery could catalyze a new upward trend in the current cycle, although they warned of potential short-term volatility due to geopolitical factors. They emphasized the importance of maintaining a risk-managed approach and avoiding excessive leverage in such circumstances.

Despite the geopolitical instability, the reclaiming of the 50-day EMA represents a significant milestone for Bitcoin, reinforcing the possibility of a rally towards the six-figure mark.

On-chain metrics, particularly the behavior of short-term holders, also support Bitcoin’s current momentum. The Short-Term Holder Realized Price (STH-RP) is acting as a critical psychological and technical support for Bitcoin. Currently standing at $98K, each increase fortifies the six-figure mark as the new perceived ‘fair value.’

Bitcoin’s spot price is $106.4K, a 7.2% premium over STH-RP, suggesting reduced market ‘froth.’ As long as Bitcoin maintains above STH-RP, the trend of higher lows and higher highs remains intact; a dip below could indicate a potential correction.

The post Will Bitcoin (BTC) Skyrocket to $120K? Analyzing the Data appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Bitcoin Vector, a market pulse aggregator supported by Swissblock, indicates that the fall is not solely macro-driven but also a result of seasonal weakness and a decrease in onchain network growth. This points to a reduction in spot demand. The past day saw over $434 million in BTC futures being liquidated, highlighting that the current move is largely driven by leverage with traders choosing safety over new exposure.

Despite the dip, the Bitcoin Coinbase Premium Index – a metric that compares BTC prices on Coinbase and Binance – has mostly been positive throughout June, indicating consistent spot demand from US investors. However, this demand has had a limited effect on the price due to overall market caution.

Additional pressure came from profit-taking activities among “mid-cycle holders” (6–12 months), who realized $904 million in profits on Monday, Glassnode reports. This group made up 83% of the total realized gains, a significant shift from the longer-term holders who had previously led profit realization. This shift implies a change in market dynamics, with more reactive participants securing gains during recent highs.

Nevertheless, long-term investor behavior still gives an optimistic outlook. Bitcoin researcher Axel Adler Jr. observed that long-term holders (LTHs) are still holding back from large-scale spending, a pattern that has historically been bullish. With a healthy MVRV Z-score indicating that BTC remains fundamentally undervalued, and positive Coin Days Destroyed (CDD) momentum suggesting selective profit-taking rather than panic, similar scenarios in the past have led to 18–25% rallies within 6–8 weeks. This indicates a potential $130,000 price target by the end of Q2.

From a technical standpoint, Bitcoin appears to be nearing a short-term bottom between $102,000 and $104,000, where a dense liquidity pocket and a historical order block intersect. The Bollinger Bands are also indicating an imminent volatility spike, with the middle band acting as dynamic resistance near the $106,000 mark. A successful reclaim and close above $106,748 could validate a bullish reversal toward $112,000. However, a clean break below $100,000 could nullify this setup and target $98,000.

Data from Alphractal also identifies $98,300 as the key support level where Short-Term Holders (STHs) remain profitable. If this threshold is breached, it could lead to a deeper correction. As Alphractal noted, the market can still be considered bullish as long as Bitcoin stays above the STH Realized Price. A significant drop below the $98K level could trigger a more substantial downfall.

Please note that this article does not provide investment advice or recommendations. Every investment and trading move involves risk, making it essential for readers to conduct their own research before making a decision.

The post Bitcoin Predicted to Surge 25% Post-Correction, History Might Repeat Itself appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Some analysts view this pause as a healthy and necessary condition before Ethereum can continue its upward trajectory. Others, however, suggest that ETH might revisit lower zones, particularly if Bitcoin continues to fluctuate within a certain range. Top analyst Daan has offered his perspective by examining the ETH/BTC pair, noting that Ethereum, after its significant upward move, is now facing resistance around the 0.026 BTC mark.

As Ethereum hovers far below its all-time high and is trapped in a broad macro range, the upcoming days could be critical. Whether this is a mere short-term cooldown or the beginning of a larger correction, Ethereum’s current levels will likely dictate the momentum entering the next phase of the market.

Ethereum remains resilient despite the recent volatility, keeping its position above the $2,400 mark. This zone is now crucial support, and bulls must defend it to maintain the wider bullish momentum. Despite cooling off slightly following its sharp run to $2,730, ETH remains one of the stronger performers in the market, holding up well amid increased uncertainty and speculative positioning.

Daan has provided insights into this dynamic, focusing on the ETH/BTC ratio, which has shown considerable strength in recent sessions. According to Daan, for the bullish momentum to continue, ETH must hold above 0.0224. A break below this critical support could trigger a slow bleed and potentially unwind the entire recent move. Conversely, a clear break above 0.026 would pave the way for a move toward 0.03 and possibly higher.

In summary, Ethereum’s short-term direction will likely be determined by its ability to hold $2,400 and maintain strength against Bitcoin. If both conditions are met, the case for a prolonged altcoin rally becomes significantly stronger.

The post Ethereum Struggles Against Bitcoin: Is the ETH/BTC Bullish Trend at Risk? appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Bitcoin’s price is currently below $104,000, and it is trading beneath the 100-hourly Simple Moving Average. The BTC/USD pair had a break below a recently formed bullish trendline with a support level at $103,900, according to data from Kraken.

The pair could initiate a new increase if it can clear the $103,500 zone. Bitcoin’s price started a new rally from its support zone of $98,500. After forming a base, Bitcoin managed to break through the resistance zone of $100,000. This caused the bulls to push the price above $103,000.

Bitcoin’s price spiked to over $105,500, testing $105,800. The price is now correcting its gains following a high of $105,728. Technical indicators currently show that the MACD is slowing down in the bullish zone, and the RSI for BTC/USD is now below the 50 level.

However, the bulls are actively protecting the $100,800 support and the 50% Fib retracement level of the upward move from $95,825 to $105,728. On the upside, the immediate resistance is near the $103,500 level, and the first critical resistance is close to the $104,000 level.

If Bitcoin cannot break through the $103,500 resistance zone, it could trigger another downside correction. The immediate support on the downside is near the $101,500 level, with significant support near the $100,800 level. Any further losses might push the price towards the $98,800 support in the near term, with the main support sitting at $97,500.

The post Bitcoin’s Price Reaches a Critical Support Level: A Chance or a Red Flag? appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Can Bitcoin’s Price Attain a New Record High in This Cycle?

A crypto analyst, known by the pseudonym ShayanBTC, offered new perspectives on the prevailing Bitcoin market trends and the ramifications of the latest price drop in a Quicktake article on the CryptoQuant platform. This analysis uses the Realized Cap of Unspent Transaction Output (UTXO) age bands, a metric that studies the purchasing habits of diverse investor cohorts.

The UTXO age bands gauge compares the mean price Bitcoin holders bought their coins at and how long they’ve retained those assets. ShayanBTC’s recent analysis focuses on the 3 – 6 months and 6 – 12 months age bands.

Data from CryptoQuant shows an unbroken increase in the percentage of coins held by these investor groups. ShayanBTC points out that this growth mirrors the accumulation patterns seen during the extended correction in the summer of 2024.

According to the Quicktake analyst, this pattern indicates a “holding trend” where 3 – 6 months and 6 – 12 months investors are retaining their assets despite the current market correction. “As more coins transition into the possession of long-term holders, the available circulating supply decreases, enhancing Bitcoin’s scarcity,” added ShayanBTC.

Historically, these supply constraints can trigger strong price surges, particularly when coupled with new demand. ShayanBTC believes this market behaviour could trigger price discovery and push Bitcoin’s price to unprecedented highs.

Moreover, the Quicktake analyst thinks that the current on-chain structure suggests a lower probability that the Bitcoin market is at the onset of a bear season. The ongoing drawdown seems to be a healthy correction within a wider bullish cycle.

An Overview of Bitcoin’s Price

Bitcoin’s price appears to be gathering bullish momentum, briefly surpassing $86,000 in the early hours of Sunday, April 13. At the time of writing, BTC stands at around $85,200, representing a more than 2% upswing in the last 24 hours. Data from CoinGecko reveals the leading cryptocurrency has risen by roughly 2% in the past week.

The post Analyst Calls Bitcoin’s Drop to $74,000 a ‘Positive Correction,’ Asserts Ongoing Bull Trend appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Should Bitcoin manage to surpass this hurdle, the next objective would likely be the $90K zone. However, the presence of sellers at this level implies that further consolidation is a more plausible scenario in the short-term.

Bitcoin’s recent price trajectory has displayed a modest recovery from the lower boundary of an ascending wedge, aligning with the 0.618 Fibonacci retracement level at $78K. This overlap of support levels increases the chances of buyers safeguarding this zone in the mid-term. But Bitcoin is now facing a significant resistance zone at $85K, matching with the 0.5 Fibonacci retracement level and the 200-day moving average.

On the lower timeframe, Bitcoin’s recent bullish movement has brought it near the upper boundary of the descending wedge at $85K. If Bitcoin maintains its momentum and breaks this resistance successfully, a rally to the $90K mark could likely be on the cards. However, given the present market conditions and the absence of robust buying demand, further consolidation within the wedge is the more probable short-term outcome.

The Realized Cap UTXO Age Bands (%) metric provides valuable on-chain data that shows the distribution percentage of Bitcoin based on the duration they have been held. The latest data illustrates a rapid rise in the percentage of coins held for 3 to 6 months, mirroring the accumulation patterns seen during the prolonged correction in the summer of 2024.

This trend points to a holding sentiment, with investors opting not to sell their Bitcoin despite the current market correction. Historically, this kind of resilience among Bitcoin holders has been instrumental in creating market bottoms and sparking new uptrends. The ongoing accumulation by long-term holders reduces the available supply in circulation, making Bitcoin scarcer. When demand eventually rises, this supply squeeze often leads to price surges, pushing Bitcoin towards new all-time highs.

Given these patterns, the data suggests that Bitcoin’s current market phase is more of a healthy correction rather than the beginning of a prolonged bear market. Many market participants still perceive Bitcoin as a long-term valuable investment, bolstering the potential for a future bullish trend.

The post Bitcoin’s Climb to $90K: Can It Overcome the $85K Hurdle? appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.