Bitcoin slipping toward $70,000 looks scary at first glance. Prices dip, timelines turn loud, and the word bear market starts trending again.
But here’s the thing—this move doesn’t look like the start of a long winter. It looks more like a reset.
Several seasoned analysts see the current weakness as a healthy rotation, not a breakdown. Supply is slowly moving from short-term retail holders into stronger institutional hands. That’s usually how long-term trends are built.
More importantly, the backdrop is very different from 2022. There’s no macro panic. No systemic collapse. Trader Jackis points out that even if Bitcoin dips further, the broader macro range into 2025 still looks stable. That matters.
Then there’s momentum. Julien Bittel from Global Macro Investor notes that Bitcoin’s RSI has dipped below 30. Historically, those oversold levels don’t last long. Once the noise fades, recoveries tend to follow.
Why $70,000 Matters More Than You Think
Zoom out, and the structure starts to make sense.
Even if #BTC were to drop to 70K or so I don't view it as a typical bear market. Rather a macro range of the entire 2025. But I suppose it comes to a definition
— JACKIS (@i_am_jackis) December 16, 2025
I rather view it as a temporary bearish momentum / pause of a macro trend (which I'm playing on the downside), but… pic.twitter.com/uxF4P2f4qU
Analyst Jelle highlights a bullish divergence on the three-day chart. It’s not confirmed yet, but similar setups have marked local bottoms in past cycles. These patterns don’t flash overnight. They form quietly, while sentiment stays shaky.
That’s why many view the $70,000 zone as more than just support. It’s shaping up as a high-demand institutional accumulation area.
Fidelity’s Jurrien Timmer puts this phase into a much bigger timeline. Yes, Bitcoin could test lower levels. But the long-term growth curve remains intact. His regression models still point toward strong compound growth through 2025 and beyond. If that trajectory holds, six-figure prices later this decade aren’t unrealistic.
Pullbacks like this often lay the groundwork for the next leg higher. They shake out weak hands and reset momentum.
Right now, the focus isn’t panic. It’s patience. Watch momentum indicators. Watch how Bitcoin behaves around $70,000.
Because this level may end up defining not just the next rally—but the health of the entire crypto cycle heading into 2026.
