The recent decline in Bitcoin is expected to continue, as analysts indicate that the price could face further challenges. The drop to around $75,000 was not an unforeseen event; rather, it was a consequence of a long-term technical breakdown that has been developing for several months.
Analysis from The Block Vlog suggests that Bitcoin transitioned from a robust uptrend into a broader correction phase after failing to maintain critical support levels. The first signs of trouble emerged in November 2025, when Bitcoin could not hold the significant daily support of $91,000, a level that had underpinned bullish sentiment for weeks.
Once this support faltered, the overall market structure shifted. Bitcoin ceased to make higher highs and higher lows, which confirmed the conclusion of the previous bull market cycle. Additionally, the breakdown of a rising wedge pattern often denotes bearish trends. Momentum indicators across various timeframes also weakened, with weekly momentum slowing and medium-term indicators turning bearish.
The implications of losing the $91,000 support were significant, activating downside targets ranging between $76,900 and $71,800. Bitcoin swiftly reached the $75,000 mark, validating these technical assessments. The rapidity of the decline, particularly over the weekend—a time when market activity typically slows—indicated robust selling pressure rather than standard profit-taking.
Although $75,000 serves as a crucial psychological threshold, analysts caution that it does not represent a reliable long-term support. A weekly analysis reveals that Bitcoin has already dropped below the more vital $85,000 support level, increasing its vulnerability to further declines.
Meanwhile, for Ethereum, market participants are focusing on its performance relative to Bitcoin rather than solely its dollar value. While the long-term outlook for Ethereum remains positive, it is essential to maintain the support range of 0.026–0.029 against Bitcoin. A lack of relative strength to BTC could hinder Ethereum“s ability to outperform Bitcoin in the near future, even if the overall market stabilizes.
Should the downtrend persist, technical analysis from the weekly chart indicates that the $63,000 region could emerge as a possible target. This does not imply an immediate drop, but it remains a realistic risk if current weaknesses continue. On the upside, potential short-term relief rallies may encounter resistance near $78,500, while stronger selling pressure is anticipated between $84,500 and $87,200. A rejection from these levels would likely reinforce the bearish trend.
The bearish outlook can only improve if Bitcoin reclaims and sustains a position above the $93,000–$94,000 range on a weekly closing basis. Until that happens, analysts are bracing for high volatility, with continued downside risks prevalent in the market.
