Bitcoin Chart Warns of Major Crash Before Next Rally: How Low Could BTC Go?

Bitcoin price continues to trade near the mid $70,000 region after a steady climb during the past month. The latest BTC price structure shows strength on higher timeframes, though a widely shared chart now raises an uncomfortable question for bulls. The chart suggests that the current Bitcoin cycle may still face a large correction before the next major rally begins.

BTC has gained ground during the past several weeks, yet long-term cycle analysis sometimes tells a different story from short-term momentum. A popular chart published by Crypto Patel presents a scenario where Bitcoin could still experience a sharp drawdown before eventually reaching a new all-time high.

Bitcoin price activity during the past month shows a moderate upward trend. BTC climbed roughly 7.66% across the last 30 days. Price moved from the high $60,000 region to the mid $70,000 range, placing Bitcoin market capitalization near $1.48 trillion.

Daily candles during this period reveal a steady climb instead of a sudden spike. Several strong sessions showed noticeable volume increases. Those spikes often appear during healthy trends when buyers step in during pullbacks.

Short-term momentum strengthened further during the past week. Bitcoin price gained roughly 5.82% across the last 7 days. The move included a breakout above the $70,000 level, which had acted as resistance earlier in the month.

Current price activity therefore, resembles consolidation instead of a reversal. Markets often pause after a breakout as traders lock profits and new buyers enter during pullbacks.

Support now sits near the low $70,000 region. Bitcoin broke above that zone recently. Price stability above that level could allow BTC to move sideways or slightly higher during the coming week.

Crypto Patel Chart Suggests Bitcoin Cycles Often Include Massive Corrections

The chart shared by Crypto Patel focuses on historical Bitcoin cycles. The analysis compares previous market tops and the corrections that followed them.

Historical data shows large corrections appearing after major upward waves. The 2018 cycle provides the first example on the chart. Bitcoin dropped about 84% from roughly $19,666 to about $3,122 during that period.

@CryptoPatel / X

Another example appeared after the 2021 peak. Bitcoin fell roughly 77% from around $69,000 to near $15,479 during the following bear market.

Crypto Patel extends that pattern into the current cycle. The chart marks a recent peak near $126,272. A similar correction of about 77% from that level would place a theoretical worst case bottom near $32,000.

The analysis does not claim that such a crash must happen. Crypto Patel explains that the so called maximum pain zone likely sits closer to the $40,000 to $50,000 region instead of the $32,000 level.

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Long Term Bitcoin Trendline In The Chart Still Points Toward Higher Prices

The chart includes another important feature beyond the correction projections. A long term upward trendline stretches across multiple Bitcoin cycles.

That line connects major market bottoms and continues to slope upward through time. Previous corrections eventually respected that trendline before Bitcoin began a new expansion phase.

Price structure in the chart therefore presents two different ideas at the same time. One part of the analysis warns about a possible correction toward the $40,000 to $50,000 region. The other part shows that the broader Bitcoin trend still points higher over the long run.

Crypto Patel, therefore, frames the correction as part of the cycle rather than the end of it.

Bitcoin price now sits between two competing narratives. Short-term data shows an active uptrend that recently broke above $70,000. Long term cycle analysis raises the possibility of a deeper correction later in the cycle.

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Markets rarely move in straight lines during major expansions. Previous Bitcoin cycles included strong rallies followed by large drawdowns before the next phase began.

BTC therefore stands at an interesting stage of the cycle. Continued strength above the $70,000 region would support the current upward trend. A deeper correction toward the $40,000 to $50,000 region would still fit within historical patterns shown on the chart.