As Bitcoin (BTC) battles sustained bearishness around the $90,000 level, insights from a trading expert suggest the asset could see further correction toward the $37,000 zone.
In this case, insights from cryptocurrency analyst Ali Martinez identified this potential move based on Bitcoin’s quarterly price structure.
In an X post in December, the analysis highlighted a recurring boom-and-bust cycle that has defined every major bull and bear market since Bitcoin’s inception. Historically, each major rally has been followed by a prolonged correction lasting roughly one year, with drawdowns ranging between 70% and 85% from peak levels.
Bitcoin price analysis chart. Source: Ali_Charts
Bitcoin key price levels to watch
The analysis argues that Bitcoin’s current structure closely resembles past cycle tops. After peaking near $126,000, a potential 70% decline is projected, consistent with previous bear markets, implying a bottom in the $37,000–$38,000 range that aligns w
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