TLDR

Bitcoin’s past bear markets saw drops of 77–85% from peak; similar moves from the 2025 high of $126,198 would imply lows near $19,000–$29,000.
Analysts say the current decline looks more like a correction within a longer uptrend than the start of a full bear market.
The most likely bottom zone is seen between $58,000 and $68,000, with a deeper flush possible to the $48,000–$58,000 range.
Past Bitcoin cycles bottomed roughly 12–13 months after their peak, pointing to an October–November 2026 window — but the current chart does not clearly support that timeline.
Key signals to watch for a confirmed bottom include a strong weekly close, reclaimed resistance, and a reversal in weekly RSI.

Bitcoin hit an all-time high of $126,198 on October 6, 2025, according to CoinGlass. Since then, the price has dropped to around $71,000, raising a question that comes up every cycle: is this a correction, or the start of something much worse?

History gives some context. Bitcoin fell about 85% from its 2013 peak, 84% from its 2017 peak, and 77% from its 2021 peak. If the same scale of decline played out from $126,198, prices could fall as low as $19,000 to $29,000 in an extreme scenario.

But technical analysis of the weekly chart suggests this cycle may not follow that exact path. The long-term rising channel is still intact. The current move looks more like a pullback after a failed push near the top of that structure than a breakdown into a multi-year bear market.

Source: TradingView

That said, analysts do not believe the bottom is already in. Weekly RSI remains weak, and momentum has not turned. The market looks damaged but not fully washed out.

Where the Bottom Could Be

The most likely landing zone, based on the chart, is between $58,000 and $68,000. That would represent a drawdown of roughly 46% to 54% from the October 2025 peak.

A deeper flush into $48,000 to $58,000 — a 54% to 62% decline — is also possible if fear drives a sharper selloff. Both scenarios are painful but well above the 80%-plus crashes seen in past cycles.

There is also a more optimistic case. If buying returns quickly, a shallow low between $68,000 and $74,000 cannot be ruled out.

In past cycles, Bitcoin’s bottom arrived about 12 to 13 months after the prior peak. That would put a potential low around October to November 2026 if the October 2025 high was the real cycle top.

What the Chart Says Now

However, the current chart does not clearly look like a finished blow-off-and-collapse pattern. It looks more like a major reset within a higher-timeframe structure that is still rising.

If that reading holds, the bottom may arrive in weeks to a few months rather than late 2026.

The chart signals that would confirm a bottom are a strong weekly close, a reclaim of nearby resistance levels, and weekly RSI turning higher. None of those have happened yet.

Bitcoin at $71,000 is cheaper than it was near the highs, but analysts do not yet see a clean, high-confidence low in place.

Final Thoughts

Investors watching for a bottom should think in price zones rather than single targets. The bullish case is a shallow low near $68,000–$74,000. The base case remains $58,000–$68,000. Below $48,000, the picture would start to look more like a true bear market rather than a correction.

The post Bitcoin Is Down 43% From All-Time Highs — Here’s Where ChatGPT Think It Actually Bottoms appeared first on CoinCentral.

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Filed under: News - @ April 12, 2026 8:14 am