The price of Bitcoin is expected to end the year in the red, after having one of its worst performances in the fourth quarter in recent years. However, it seems that the new year 2026 could bring the relief that the majority of the market has been waiting for. According to a recent assessment, Bitcoin’s price structure suggests that a deeper correction appears to be on the horizon for the market leader.
BTC price will revisit $73,000 in Q1 2026?
In a December 20 article on Platform X, quantitative trader CryptoOnchain shared new information on the current Bitcoin price setup. According to the market analyst, the BTC price outlook leans towards a bearish scenario, especially as selling pressure remains evident on the chart.
CryptoOnchain said that Bitcoin price is hovering around the key point of control (POC) level. For context, the point of control (POC) refers to the price level with the highest volume of trading activity during a given time period, thus serving as an important support or resistance area.
According to the crypto expert, the inability of Bitcoin price to quickly regain its former highs suggests an increased likelihood of it falling below its POC and towards the $70,000 to $73,000 range. CryptoOnchain identified this region, which was the peak of the last cycle, as a critical “support reversal” in which buyers may seek to intervene aggressively.
Additionally, CryptoOnchain noted that the divergent Relative Strength Index (RSI) adds credence to Bitcoin price falling into the support cushion around $70,000 to $73,000. “Traders should watch for reversal triggers around the $72,000 level,” the analyst added.
However, the market expert warned that maintaining the $70,000-$73,000 zone could be key to preventing an even deeper correction and prolonged bear market for Bitcoin price. Essentially, this “support reversal” is crucial for BTC to resume its long-term bullish structure and preserve the macro trend.
The price of BTC hit the $75,000 mark in the first quarter of the year as global financial markets recovered from what initially erupted as a trade war. Therefore, a return to this price level might be a bit familiar to investors, although it would also represent a drop of almost 20% from the current price.
Bitcoin Price at a Glance
At the time of writing, Bitcoin is valued at around $88,330, reflecting no significant price changes over the past 24 hours.
