Several predictions for bitcoin's price in 2025 have emerged since the beginning of the year. While many experts expect the leading cryptocurrency to build on its historic price action in 2024, some believe its value has peaked in the current cycle.
A prominent cryptocurrency trader on social media platform Below is the potential path to a strong btc price correction in the coming weeks.
Is a 20% correction planned for the price of bitcoin?
Cryptoanalyst Ali Martinez turned to the x platform to <a target="_blank" href="https://x.com/ali_charts/status/1875537919823262197″ target=”_blank” rel=”noopener nofollow”>share an interesting analysis of the price of bitcoin. According to the cryptocurrency expert, the flagship cryptocurrency is at risk of a significant pullback to around the $78,000 price level.
This bearish projection is based on the formation of the head and shoulders pattern on the 4-hour price chart. The head and shoulders formation is a technical analysis pattern characterized by three distinct price highs, including a higher “head” situated between two lower “shoulders.”
This chart pattern usually indicates a possible bearish reversal, indicating a transition from an uptrend to a downtrend. This trend reversal can be confirmed when the price breaks below the neckline, which is a trend line that connects the lows (lows) between the head.
<img decoding="async" class="aligncenter" src="https://technicalterrence.com/wp-content/uploads/2025/01/Is-Bitcoin-Price-at-Risk-of-Falling-to-78000-This.jpeg" alt="bitcoin price” width=”1200″ height=”808″/>
The price of bitcoin prints head-and-shoulders pattern on the 4-hour chart | Source: Ali_charts/x
As seen in the chart above, bitcoin price recently tested the neckline around the $92,000 region before recovering above $98,000. However, it appears that bitcoin price is returning to the neckline in $92,000.
Martinez noted that if btc price returns, successfully breaks and closes below the neckline, the flagship cryptocurrency could witness a correction to a low of $78,000. This represents a decrease of almost 20% from the current price.
On the other hand, a strong close above the $100,000 mark would invalidate the current bearish setup, according to the crypto analyst. A return to a six-figure valuation could see the market leader resume its bullish course and potentially reach new highs.
bitcoin price at a glance
At the time of writing, the btc price sits just below 98,000, reflecting a drop of just 0.8% in the last 24 hours. According to data from CoinGecko, the leading cryptocurrency is up almost 4% in the weekly period.
The price of btc at $98,272 on the daily timeframe | Source: BTCUSDT chart on x/00h31JP2/" target="_blank" rel="noopener nofollow">TradingView
Featured image from iStock, chart from TradingView
