The price of Bitcoin is fluctuating as analysts attempt to assess which direction the largest cryptocurrency will take. According to several of them, the “bull” scenario should be ruled out, with the price continuing its correction towards $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 signs.
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 last 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 threshold 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 price of BTC:
Interest rates have already fallen, and it hasn’t changed anything. The price will go lower.”
According to him, the price of BTC will plunge to $76,000 or even lower.
The bull run is over. Your best option now is to plan for the next one when we land at $50,000.
For the analysis firm Glassnode, the contraction in liquidity will lead to a period of high volatility for the price of BTC:
Unrealized losses across the crypto ecosystem have recently climbed to around $350 billion, with about $85 billion for 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 have to continue to hold on, as the excessive enthusiasm of the beginning of the year has well and truly dissipated. Wait and see…
