The Bitcoin price appears poised to conclude the year negatively, marking one of its poorest Q4 performances in recent memory. Nevertheless, the new year 2026 might bring the relief that the majority of the market anticipates. A recent analysis suggests that a more significant correction could be forthcoming for the leading cryptocurrency.
Could BTC Price Reach $73,000 in Q1 2026?
In a December 20 update on the X platform, quant trader CryptoOnchain shared new perspectives on the current Bitcoin price structure. According to the market analyst, BTC’s price outlook is leaning bearish, particularly as selling pressure remains apparent on the chart.
CryptoOnchain mentioned that Bitcoin’s price is currently around the crucial Point of Control (POC) level. For context, the POC denotes the price level that experiences the highest volume of trading activity over a specified period, serving as an important support or resistance zone.
The analyst noted that the inability of Bitcoin’s price to swiftly reclaim its previous highs indicates an increased probability of it falling below the POC and approaching the $70,000 – $73,000 range. This area was identified as a key “support flip” from the last cycle’s peak, where buyers may consider stepping in vigorously.
Additionally, CryptoOnchain pointed out that the divergent Relative Strength Index (RSI) supports the possibility of Bitcoin’s price dropping to the support range around $70,000 – $73,000. “Traders should keep an eye out for reversal signals near the $72,000 level,” the analyst remarked.
However, the market expert cautioned that maintaining the $70,000 – $73,000 area is crucial to avert an even steeper correction and a prolonged bear market for Bitcoin. Essentially, this “support flip” is vital for BTC to regain its long-term bullish trend and uphold the macro direction.
In the first quarter of the year, BTC touched the sub-$75,000 range as global financial markets grappled with what initially began as a trade war. Thus, a return to this price point might seem somewhat familiar to investors, even though it would signify nearly a 20% decrease from the current level.
Bitcoin Price Overview
As of now, Bitcoin is priced at approximately $88,330, with no notable change in its value over the past 24 hours.
