Bitcoin’s Technical Structure Points to $70K Test: Here’s Why Analysts Are Bullish

Bitcoin's price chart is flashing a familiar signal—one that analysts say could propel the digital asset toward a critical $70,000 threshold.

The Setup on the Screen

Forget the noise. The technical picture is carving out a pattern that historically precedes significant moves. Key support levels have held, forming a base that looks primed for an upward push. It's not about hype; it's about the structure on the chart telling a clear story of consolidation before a potential breakout.

Why $70,000 Matters

Hitting that $70,000 mark isn't just a psychological milestone. It represents a crucial resistance zone that, if convincingly broken, could open the door to a new price discovery phase. Every failed test at that level adds to its significance, making a successful breach a major technical victory for the bulls—the kind that gets traditional finance analysts nervously adjusting their spreadsheets.

The Market's Next Move

The path forward hinges on momentum. Sustained buying pressure is needed to translate this structural setup into a reality. Watch the volume; a surge on the way up would confirm the move isn't just another head fake in a market famous for them. Meanwhile, the usual chorus of skeptics will call it a speculative bubble right up until their own funds quietly allocate a percentage to digital assets—a classic case of 'do as I say, not as I do' in the finance world.

All eyes are on the charts. The stage is set, and the next few candles could dictate the narrative for weeks to come.

TLDR

• Analyst identifies $70K to $73K as a critical support zone for Bitcoin in early 2026.
• Bitcoin price trades near its point of control with limited recovery momentum.
• RSI divergence suggests weakening bullish strength on the Bitcoin chart.
• A break below $70K could signal deeper downside risk for BTC.

Bitcoin’s price action suggests a potential correction toward the $70,000 to $73,000 range, according to a recent analysis shared on December 20, 2025. Quant trader CryptoOnchain outlined several factors indicating that the market could test this support region in early 2026. As Bitcoin continues to trade around $88,330, analysts are monitoring critical technical zones that may define the asset’s near-term trajectory.

Bitcoin Price Structure Hints at Short-Term Correction

CryptoOnchain’s analysis highlighted the importance of the Point of Control (POC), a price level with the highest traded volume in a specific period. This area often acts as strong support or resistance. The analyst noted that bitcoin has hovered around its POC without showing strong momentum to reclaim higher levels. This weak price reaction has increased the probability of a correction toward the $70,000–$73,000 zone.

The $73,000 level marked a key high in the previous cycle. Traders now view it as a possible “support flip,” where previous resistance could turn into strong buying interest. If the price approaches this area again, it may attract buyers aiming to enter at more favorable levels. CryptoOnchain noted that a failure to hold this support could trigger further downside risk and extend the market’s bearish phase.

Technical Indicators Support a Bearish Outlook for Bitcoin

CryptoOnchain also pointed to a divergence in the Relative Strength Index (RSI), a momentum indicator that helps assess price trends and reversals. A bearish RSI divergence occurs when the price forms higher highs while the RSI shows lower highs, often indicating weakening bullish momentum. This pattern has emerged on Bitcoin’s chart, according to the analysis.

The analyst emphasized the importance of monitoring the $72,000 zone for signs of a reversal. A bounce from this region could preserve Bitcoin’s broader bullish trend. However, a breakdown below $70,000 could indicate structural weakness and lead to deeper losses. Traders may interpret this area as the last critical level before a broader correction.

As of now, Bitcoin shows no significant movement over the last 24 hours, trading NEAR $88,330. Market participants appear cautious, awaiting either a breakout or a retest of lower support levels.

Potential Scenarios Heading Into 2026

Bitcoin’s performance in the final quarter of 2025 has disappointed some investors, with weaker price momentum compared to earlier in the year. A return to the $70,000–$73,000 range WOULD represent an approximate 20% drop from current prices. However, this level may act as a foundation for renewed accumulation.

Analysts continue to assess both macroeconomic pressures and technical trends. If buyers step in at expected support zones, Bitcoin could resume its long-term upward trend heading into 2026. For now, traders will likely monitor volume, RSI, and price behavior around key levels as the market awaits confirmation of the next directional move.