After hitting an all-time high in October 2025, the price of Bitcoin has continued to decline and has soared to a yearly low. The first wave was triggered by the selling of large accounts coinciding with the 10/10 crash. Since then, each recovery attempt has been met with more selling, preventing the Bitcoin price from regaining $100,000. As sentiment continues to trend lower, the chances of a meaningful recovery become slimmer by the day.
Bitcoin price correction may not be over
Cryptocurrency analysts from the TradingView website highlighted where the Bitcoin price is and the next decision levels for the cryptocurrency. Currently, it continues to trend lower, favoring a downtrend. Nonetheless, there are still opportunities to continue the uptrend as momentum picks up.
The first major level that Bitcoin price needs to recover from is $90,000, which is the stronghold of the current downtrend. As the cryptocurrency analyst explains, the digital asset needs to regain and maintain this level for the price to rebound. If a rebound occurs, the cryptocurrency is expected to maintain its bullish structure.
A continuation of the bullish trend would see the first major resistance at $97,000 retested. Once defeated, the bulls could quickly rise to $100,000, a psychological level that could trigger investors to flow back into the market.
However, with the Bitcoin price already falling below $90,000 over the weekend, the bearish part of the forecast is more likely to emerge. As explained in the post, not having $90,000 is incredibly bearish for the price and would be the start of another decline.
If the price of Bitcoin starts to fall, not many people will be able to hold on to it before it reaches the next major resistance level at $78,000. This means that the price of Bitcoin is likely to fall by more than 20% before eventually surpassing $78,000 and staging another bounce. “This is where the next major direction will be determined,” the analyst said.
Featured image by Dall.E, chart by TradingView.com
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