On Tuesday, Bitcoin (BTC) dipped below the significant $90,000 mark once 
again, raising concerns about the possibility of entering a new bear market 
and casting doubt on the cryptocurrency&#8217;s prospects. Market analyst Raun 
Neuner published a new analysis of the situation in a post on X (formerly 
Twitter). Is $37,000 On The Horizon? Neuner highlighted that while stocks are 
performing robustly and commodities are experiencing what he calls a 
“supercycle,” the crypto market still struggles to gain traction. This 
situation raises the critical question: What is the worst-case scenario for 
Bitcoin? Related Reading: Ethereum Poised For $4,000 Breakout? Expert 
Pinpoints On-Chain Triggers For Potential Rally Historically, Bitcoin&#8217;s bull 
markets tend to peak approximately 532 days after each Halving event. Applying 
this pattern to the current cycle suggests that Bitcoin could have reached its 
peak around early October, where it briefly touched $125,000. Historical 
trends show that following these peaks, Bitcoin typically endures a 
substantial decline of 70 to 80%. If this framework holds for the current 
cycle, Neuner estimates a potential downturn to around $37,000 in the event of 
a full bear market. Zooming out to consider broader traditional market 
dynamics provides further context. After a year marked by strong performances 
in both stocks and commodities, market corrections are to be expected. During 
risk-off periods in equity markets, Bitcoin has historically amplified these 
downward moves, contributing to building pressure toward the lower end of the 
spectrum. The analyst indicates that a key reference point for Bitcoin might 
be around the $57,000 mark, where the 200-week moving average (MA) resides. 
Critical Bitcoin Support Levels To Watch The immediate factors contributing to 
Bitcoin&#8217;s recent drop below the $90,000 threshold are linked to heightened 
volatility in global bond and equity markets, exacerbated by geopolitical 
tensions. Walter Bloomberg, an expert in market analysis, pointed out that the 
new downtrend has been spurred by various macroeconomic factors, including 
renewed threats from President Trump regarding tariffs on Greenland and 
Japan&#8217;s fiscal strategies that have added to market instability. Related 
Reading: Is A New XRP Price Record Imminent? Analyst Forecast Colossal Short 
Squeeze Ahead Consequently, investors have turned to safe-haven assets like 
gold, which recently reached a record price exceeding $4,700. In response, 
Bloomberg warns that macro risks may be underappreciated. Demand for downside 
protection in Bitcoin&#8217;s options market is also rising, indicating that 
investors are aware of the potential for further declines. The next 
significant levels for the Bitcoin price in the near term, according to 
Bloomberg, lie between $84,000 and $85,000, which are expected to act as 
support for BTC. If the cryptocurrency fails to hold these levels, fears of a 
deep bear market may become more pronounced. Featured image from DALL-E, chart 
from TradingView.com

Bitcoin Bear Market Depths: A Closer Look At How Low BTC Could Go

Bitcoin could slide toward $58,000–$62,000 as technical weakness persists, 
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momentum that keep downside pressure in focus. Peter Brandt Puts Bitcoin’s 
Path Around $58K–$62K Market attention intensified after a bold downside 
projection for bitcoin circulated among traders. Veteran commodity and foreign 
exchange trader Peter Brandt, […]

Peter Brandt Says $58K–$62K Is Where Bitcoin Is Likely Headed

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On Jan. 20, U.S. equities logged one of their roughest single-day pullbacks in 
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an 870.74-point slide. Crypto assets weren’t spared either, as bitcoin-linked 
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Cryptocurrency price in TWD