As Bitcoin (BTC) trades below the key $90,000 support level, experts and analysts are increasingly debating whether a new bear market is beginning. The leading cryptocurrency is currently around $87,370, down more than 30% from its all-time high above $126,000—a decline that has drawn comparisons to past market behavior, particularly in December 2021.
Notably, on December 24, 2021, Bitcoin was near $51,700, a local peak before it fell to $34,000 by January 24, 2022—a drop of 34% in just one month.
One expert has applied a fractal model from that 2021–2022 sell-off to Bitcoin’s current price. According to this analysis, BTC could potentially move toward $70,000 in the coming days. The expert suggests that, based on current price action and market conditions, a further decline of about 20% is plausible if a similar pattern plays out.
However, with no clear direction yet, it remains uncertain whether Bitcoin will recover above key levels or enter an extended bear market into early 2026. Analyst views on this are widely split.
Another perspective comes from CryptoKaleo on X (formerly Twitter), who argues that the current market resembles conditions in late 2020. In both periods, Bitcoin lost a major support level established after a significant correction, leading to a “mini-bart” scenario where nearly all prior gains were erased before a new base formed.
During the recovery after the COVID-19 crash in 2020, traditional stocks—especially tech—vastly outperformed Bitcoin, leading many to claim cryptocurrency was becoming irrelevant. Today, with equities frequently hitting new highs, a similar narrative is emerging: some say Bitcoin has stalled and altcoins lack momentum.
Despite this, CryptoKaleo remains optimistic. He suggests the current situation does not fit the typical four-year crypto cycle and predicts that instead of a prolonged bear phase, Bitcoin will reach new all-time highs in 2026, triggering an exciting “supercycle” marked by sustained upward trends, strong altcoin seasons, and renewed retail interest in mainstream cryptocurrencies.
Frequently Asked Questions
FAQs Expert Suggests Bitcoin Could Reach 70000 Echoing Patterns Before 2021s Major Drop
BeginnerLevel Questions
1 What does this headline even mean
It means a financial analyst or expert has looked at Bitcoins current price charts and behavior and noticed it looks similar to patterns seen in late 2020early 2021 Back then a similar pattern was followed by a huge price surge to a then alltime high and then a major crash The expert is suggesting history might repeat with a potential surge to 70000 first
2 Is Bitcoin guaranteed to hit 70000
No absolutely not This is a prediction or analysis not a guarantee Financial markets especially cryptocurrencies are highly volatile and unpredictable Past performance does not guarantee future results
3 What was the major drop in 2021
After reaching an alltime high near 69000 in November 2021 Bitcoins price fell sharply over the following months losing more than 50 of its value and eventually dropping below 40000 This was part of a broader crypto winter
4 Should I buy Bitcoin now based on this prediction
You should never make investment decisions based solely on one experts prediction Always do your own research understand the extreme risks of cryptocurrency investing and only invest money you can afford to lose
5 What is a pattern in trading
A pattern is a recognizable shape or formation on a price chart that traders believe can indicate where the price might go next based on how it behaved when similar patterns appeared in the past Common patterns include triangles headandshoulders and parabolic curves
Advanced Practical Questions
6 What specific pattern is the expert likely referring to
The expert is likely referring to a parabolic advance or a specific bull market consolidation pattern seen before the 2021 peak This often involves a period of sideways or slightly downward trading followed by a sharp almost vertical price increase driven by intense hype and FOMO
7 If the pattern echoes 2021 does that mean a crash is inevitable after 70000
Not inevitable but it is a significant risk highlighted by the comparison The 2021 cycle was influenced by