Several predictions for Bitcoin price in 2025 have emerged because the turn of the 12 months. While many experts expect the premier cryptocurrency to construct on its historical price motion in 2024, some imagine that its value has reached its top in the present cycle.

A distinguished crypto trader on the social media platform X — in his latest prediction — has made a major bearish call for the Bitcoin price. Below is the potential path to a steep correction for the value of BTC over the subsequent few weeks.

Is A 20% Correction On The Cards For Bitcoin Price?

Crypto analyst Ali Martinez took to the X platform to share an interesting evaluation of the value of Bitcoin. In response to the crypto pundit, the flagship cryptocurrency is susceptible to a major pullback to across the $78,000 price level.

This bearish projection relies on the formation of the head-and-shoulders pattern on the 4-hour price chart. The pinnacle-and-shoulders formation is a technical evaluation pattern characterised by three distinct price highs, including a better “head” set between two lower “shoulders.”

This chart pattern typically indicates a possible bearish reversal, signaling a transition from an upward price trend to a downtrend. This trend reversal could be confirmed when the value breaks underneath the neckline, which is a trendline connecting the troughs (swing lows) between the pinnacle.

The value of Bitcoin prints head-and-shoulders pattern on the 4-hour chart | Source: Ali_charts/X

As observed within the chart above, the Bitcoin price recently tested the neckline across the $92,000 region before bouncing back as much as above $98,000. Nevertheless, it seems that the Bitcoin price is headed back to the neckline at $92,000.

Martinez noted that if the price of BTC returns, successfully breaches, and closes beneath the neckline, the flagship cryptocurrency could witness a correction to as little as $78,000. This represents an almost 20% decline from the present price point.

On the flip side, a robust close above the $100,000 mark would invalidate the present bearish setup, based on the crypto analyst. A return to a six-figure valuation could see the market leader resume its bullish course and potentially reach recent highs.

Bitcoin Price At A Glance

As of this writing, the value of BTC sits just beneath 98,000, reflecting a mere 0.8% decline prior to now 24 hours. In response to data from CoinGecko, the premier cryptocurrency is up by nearly 4% on the weekly timeframe.

The value of BTC at $98,272 on the day by day timeframe | Source: BTCUSDT chart on TradingView