The price of Bitcoin is fluctuating as analysts try to assess which direction the largest cryptocurrency will take. According to several of them, the “bull” scenario should be ruled out, with the price set to continue its correction toward $70,000.
Could the price of Bitcoin (BTC) reach $70,000?
To say that the Bitcoin price is hesitant is an understatement. The largest cryptocurrency has been trading within a range since it crossed the $100,000 threshold at the end of November, waiting for new signals.
BTC price stuck in a range – Will it break out to the upside or the downside?
While some, notably JPMorgan, are hoping for a recovery by the end of the year, others are less optimistic. According to trader Ted Pillows, the similarities between this cycle and the previous one are particularly strong, which does not bode well:
The resemblance between the $BTC current cycle and the last cycle is truly shocking.
If this plays out, a pump to $100,000 and then a dump below $70,000. pic.twitter.com/ulJ6yu1uHZ
— Ted (@TedPillows) December 11, 2025
The analyst believes that the price of BTC could “pump” up to the $100,000 mark before falling below $70,000.
A drop to $50,000?
This scenario is also favored by analyst Roman, who points out that hopes for lower Fed interest rates will not save the BTC price:
Interest rates have already fallen, and it hasn’t changed a thing. The price is going lower.
According to him, the BTC price will plunge to $76,000, or even lower.
The bull run is over. Your best option now is to prepare for the next one when we hit $50,000.
For the analytics firm Glassnode, the contraction in liquidity will lead to a period of high volatility for the BTC price:
Unrealized losses across the crypto ecosystem have recently climbed to around $350 billion, with approximately $85 billion in BTC alone. With several on-chain indicators signaling a contraction in liquidity at all levels, the market is expected to enter a period of high volatility in the coming weeks.
Bitcoin investors may therefore need to hang on tight, as the excessive enthusiasm from the start of the year has well and truly faded. Wait and see…
