Veteran market analyst Gareth Soloway has outlined several potential price paths for Bitcoin, including a worst-case scenario where the cryptocurrency could fall to around $35,000 if global financial markets face a severe downturn. In a recent market update, Soloway noted that Bitcoin is currently holding an important price area, showing more resilience than U.S. stock markets, which he expects to remain under pressure. He suggested that while equities may struggle, some capital could rotate into Bitcoin, helping to limit near-term downside.
Soloway highlighted Bitcoin's recent price action, noting it moved lower but managed to close back above key chart levels around $73,000–$74,000, a zone that previously marked a major breakout point. This behavior suggests buyers are still active, and a short-term bounce is possible. However, he expects any rebound to face significant selling pressure in the $85,000 to $86,000 range, a zone that previously acted as support.
Looking further ahead, Soloway's base scenario assumes a typical market correction rather than a crisis. Drawing on past cycles where Bitcoin often fell roughly 20% below the prior cycle's all-time high, he pointed to the $55,000 region as a potential target, aligning with the 2021 peak near $69,000. He stated he would look to accumulate Bitcoin gradually if prices move into the $55,000–$65,000 range.
The analyst's worst-case scenario would require a sharp 30% to 50% collapse in global equity markets. In such a case, a large head-and-shoulders pattern on Bitcoin's chart could signal a potential fall toward $34,000 to $35,000. Soloway stressed this is not his central expectation and would only occur under extreme market stress.
Other analysts echo concerns about a deeper correction. Nic Puckrin, co-founder of Coin Bureau, believes Bitcoin is in full capitulation after breaking the $70,000 psychological barrier, predicting a transition that will take months. He forecasts a potential low of $55,000 to $58,000, citing large-scale selling by Bitcoin whales and institutional outflows despite retail holding via ETFs.
Ruslan Lienkha, Chief of Markets at YouHodler, described Bitcoin as a high-beta, high-volatility asset whose current decline mirrors the correction in U.S. technology stocks but with amplified moves. He noted a significant long squeeze is underway as overleveraged traders and corporate holders sell, creating a self-reinforcing downward spiral.
Hyunsu Jung, CEO of Hyperion DeFi, suggested the strategy of stockpiling Bitcoin is "starting to crack," exposing a structural flaw in the crypto treasury model. Meanwhile, AI models like Grok and Gemini have presented even more bearish forecasts, suggesting Bitcoin could fall to $38,000 or, in worst-case scenarios, as low as $25,000.
