Bitcoin Price May Drop 25% to $74,000 Amid Bearish Signals

Recent Bitcoin price movements have seen an increase from below $90,000 to over $94,000. While some see this as a potential bull run, others, like crypto analyst Xanrox, warn it may be a bull trap.

Bitcoin Price Analysis

  • Xanrox's analysis suggests bearish formations, such as a bear flag, indicating a possible downturn.
  • The bear flag is evident on both the 12-hour and 1-Day charts.
  • A WXY corrective pattern within the bear flag suggests a continuation of the initial downtrend post-$126,000 peak in October.

Bitcoin price

  • Potential rally could push Bitcoin to $96,000 before declining.
  • Target for decline is a 25% drop toward $74,000.
  • $74,000 target is significant due to previous swing low in April 2024, making it a point for clearing liquidity.

Timeframe: This scenario might unfold over the next few weeks, into early 2026. If $74,000 holds, it could serve as a pivot for future price recovery.

Bitcoin price chart from Tradingview.com