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Bitcoin price currently trades close to $90,000, but some analysts expect a sharp decline based on technical indicators and past patterns, as forecasts shift toward a bearish outlook, suggesting that a major correction may unfold before any further upside.

Ali Martinez Predicts Deep Bitcoin Price Reset

Crypto analyst Ali Martinez has warned that short-term momentum is shifting against bulls, as sellers gradually regain control of the trend. He explained that current Bitcoin price behavior resembles setups before earlier downturns, including those that triggered extended drawdowns in past cycles.

Historically, every Bitcoin $BTC death cross between the 10W and 50W SMA has led to a major correction:

• Sep 2014: –67%
• Jun 2018: –54%
• Mar 2020: –53%
• Jan 2022: –64% https://t.co/EWSDQeujJt pic.twitter.com/CEGle2ExXd

— Ali Charts (@alicharts) January 2, 2026

Martinez said, “These patterns rarely result in shallow pullbacks. They often precede full-scale corrections and structural resets.” He emphasized that similar conditions in previous markets led to sustained retracements rather than brief declines.

He forecasts that Bitcoin may fall to between $38,000 and $50,000, based on historical support zones observed in earlier cycles. Martinez stated that such pullbacks “have repeatedly provided new bases for recovery,” often flushing out leverage and short-term positions.

The analyst does not consider this prediction a signal of long-term weakness, but rather a temporary adjustment phase. He believes this could allow Bitcoin to transition back to an asset favored by long-horizon investors.

Bloomberg’s McGlone Projects Prolonged Weakness

Mike McGlone from Bloomberg has echoed concerns over current Bitcoin price resilience, pointing to broader market softness in 2025. He highlighted a 20% decline in the Bloomberg Galaxy Crypto Index, suggesting a structural weakening across digital assets.

McGlone asserted, “We are not just seeing a correction. The entire market is struggling to regain upside strength.” He explained that speculative excesses remain in the system and could take more time to unwind.

According to McGlone, a move closer to $50,000 would reflect more sustainable conditions for future recovery. He believes a durable rally will require further resets in positioning and expectations before momentum returns.

He said that market sentiment remains fragile and recovery will not be immediate. Long-term upside may only be possible once speculative pressures fully clear and stronger accumulation resumes.

Outlook Points to Reset Before Recovery

Analysts now suggest that Bitcoin’s next major move may not focus on new highs, but instead on recalibrating expectations. Despite the high Bitcoin price, technical signals and macro indicators show early signs of vulnerability.

Short-term volatility could intensify if these forecasts play out. Analysts stress that structural consolidation is required before bullish momentum can build again.

The 2026 market phase may reflect more of a transition than a continuation, with traders shifting focus from momentum to sustainability. Analysts continue monitoring leveraged positions and liquidity signals to gauge the market’s readiness for a fresh cycle.

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