The Bitcoin (BTC) market is under intense selling pressure, reaching $60,000, a nearly 50% correction from its all-time high in October 2025.
This correction, caused by the liquidation of derivatives and a general sense of panic, has technical analysts and traders on alert, looking for the next equilibrium point for digital assets.
At Polymarket, bettors predicted an 82% chance that Bitcoin would fall below $65,000 at some point in 2026, which ultimately happened.
The same betting platform’s February contract is predicted to be likely to fall below $60,000 (approximately 58% above the relevant threshold). Furthermore, the overall feeling is Significant bearish scenario supported on platform About immediate short-term recovery.
Technical analysts, on the other hand, have detailed and specific predictions. In it, Coin Bureau’s Nick Pucklin suggests that Bitcoin could head towards $55,700. This means a further 15% decline from current levels.
Similarly, technical strategist Katie Stockton predicted a few hours ago that a definitive break below $70,000 had indeed occurred. The price will be $57,800 Before finding critical support.
However, Barry Bannister, chief equity strategist at Missouri-based financial services firm Stifel Financial Corporation, warned that this correction could send Bitcoin as low as $38,000.
This prediction is a straight line drawn from the lows of Bitcoin’s major bear market periods since 2010. These declines were 93% in 2011, 84% in 2015, 83% in 2018, and 76% in 2022.
“We are already 41% below the all-time high,” Bannister and his team said in a report. “Bitcoin bulls are following a linear trend, suggesting a potential low of $38,000.”
Currently, crypto assets are affected by several factors. Among them: increased credit stress in the technology sector from mid-2025; More restrictive monetary policy of the US Federal Reserve (FED)as reported by CriptoNoticias, include US regulatory uncertainty, reduced market liquidity, and sustained outflows from BTC spot ETFs.
Bannister does not rule out the possibility of a technical pullback in the near term, but argues that downward pressure will continue as long as these macroeconomic headwinds persist.
