The price of Bitcoin looks set to end the year in the red, after posting one of its worst Q4 results in recent years. But it seems that the new year of 2026 could bring the relief that most markets expect. 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 to reach $73,000 again in Q1 2026?
In a December 20 announcement on Platform X, quant trader CryptoOnchain divided a fresh insight into the current Bitcoin price schedule. According to a market analyst, the outlook for the price of BTC is leaning towards a bearish scenario, especially as the selling pressure is still evident on the chart.
CryptoOnchain said Bitcoin price is hovering around the key point of control (POC) level. In context, a point of control (POC) refers to a price level with the highest volume of trading activity within a given period, thus serving as a significant zone of support or resistance.
According to a cryptocurrency expert, the failure of the price of Bitcoin to quickly recover to its previous highs indicates an increased likelihood that it will fall below its POC and towards the $70,000-$73,000 range. CryptoOnchain has identified this region, which was the peak of the last cycle, as critical “support”, where buyers could jump in aggressively.
Furthermore, CryptoOnchain noted that the Divergent Relative Strength Index (RSI) is adding credence to Bitcoin price falling to the support cushion around $70,000 – $73,000. “Traders should watch for reversal triggers around the $72,000 level,” the analyst added.
However, a market expert warned that holding the $70,000-$73,000 zone could be key to preventing an even deeper correction and an extended bear market for the Bitcoin price. In essence, this “support turn” is crucial for BTC to continue its long-term bullish structure and preserve the macro trend.
The price of BTC reached the sub-$75,000 area in the first quarter of the year as global financial markets were shaken by what initially appeared to be a trade war. Therefore, a return to this price level could be somewhat familiar to investors, although it would also represent a drop of almost 20% from the current price point.
Bitcoin price at a glance
As of this writing, Bitcoin is valued at around $88,330, which does not reflect a significant price change in the last 24 hours.
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