Bitcoin’s $70k selloff fills a bull market
Bitcoin (BTC)'s recent price weakness has rekindled investor fears of a worse decline, but many market analysts argue that an extended correction could be more constructive in the long run.
Main Receptors:
According to analysts, the risk of Bitcoin falling is centered around $65,000 to $75,000.
A potential three-day bullish divergence is forming, which could adjust to the local bottom once momentum stabilizes.
Supply rotation and oversold conditions define BTC's current price action.
Crypto trader Jackys said that the current move is the macroeconomic range for 2025 and that even a drop to $70,000 will not match the pre-bear markets. Unlike 2022 or early 2024, the current downturn does not have a systematic macro-oriented hedging push, but instead shows a shift in supply from early owners to institutional participants.
Meanwhile, market analyst Jelle highlighted a potential bullish divergence on Bitcoin's three-day chart. The differences of the previous three days in this cycle coincided with the local lows, although the trader needed more time and consolidation to confirm.
Julien Bittel, head of macro research at Global Macro Investor, reinforced this view by pointing to Bitcoin's historic behavior following oversold RSI readings below 30.
According to the information, after such situations occur, Bitcoin tries to follow a well-defined recovery path. While short-term volatility is possible, Bittel argues that fundamentals often take time to form and are often accompanied by lower price action before sustained growth resumes.
Bittel argues that the traditional four-year half-cycle is not the main driver of Bitcoin's price behavior. Instead, extended debt restructuring cycles and changes in liquidity dynamics suggest that the current market structure is likely to persist through 2026.
RELATED: Bitcoin Price At ‘Tipping Point' As Whale Moves $348M BTC To Exchanges
Longer bitcoin cycles produce flat but high returns.
Jurien Timmer, director of global macro at Fidelity, puts it in a broader wave structure from 2022 to 2025. That period has already seen 105% compound annual growth (CAGR) over 145 weeks, closely tracking long-term recovery models.
While Timmer noted that Bitcoin could still face a deep correction in the $65,000 to $75,000 range in 2026, he emphasized that such zones are considered strong buying zones.
Looking further ahead, Timmer expects future cycles to improve with a flat slope as adoption matures. Still, price modeling suggests a path to $300,000 by 2029 if a new phase of expansion occurs.
In this context, correction levels can serve as the basis for Bitcoin's continued structural growth.
Related: Is Bitcoin's 4-Year Cycle Broken, and Is the Bull Market Really Over?
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This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision. While we strive to provide accurate and up-to-date information, Cointelegraph does not guarantee the accuracy, completeness or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph shall not be liable for any loss or damage arising from reliance on this information.
