Calls for a potential Bitcoin supercycle in 2026 grew louder this past week after former Binance CEO Changpeng “CZ” Zhao – yet another prominent voice in the crypto world – announced his predictions for the new year. However, a popular analyst on social media platform
BTC price threatens to fall further by 65%
In a January 25 post on the X platform, prominent crypto trader Ali Martinez said saidsarcastically, that “the super cycle is super cycling.” In what appeared to be a response to the rumors surrounding CZ’s Bitcoin supercycle projection, the market expert tempered expectations with a $31,000 price drop for the leading cryptocurrency in 2026.
This bearish prediction is based on the appearance of price fractals on the BTC chart. For context, fractals are repeating patterns in price charts that can help plot and project potential price movements for a particular cryptocurrency (Bitcoin, in this scenario).
As seen in the chart above, BTC’s price is currently following a similar movement pattern as in 2022. The leading cryptocurrency, after initially reaching a then-all-time high of around $67,000 in early 2021, witnessed a nearly 55% correction to just above the $30,000 level in mid-July.
While Bitcoin’s price recovered to reach an all-time high above $69,000 again in late 2021, the market leader spent most of the following year in a downtrend. Exacerbated by the various bearish events of 2022, BTC ended the year at a low of around $15,500.
Martinez believes that the Bitcoin price is undergoing a similar movement pattern, having suffered a decline of over 32% before rising to the current all-time high of $126,080. The market expert states that the leading cryptocurrency is currently witnessing a prolonged decline, which saw its price reach $15,500 in 2022.
However, it’s worth noting that the target this time around is at $31,800, a drop of almost 65% from the current price point. Therefore, if the historical patterns highlighted by Martinez continue, it seems more likely that the Bitcoin price will enter a long-term downtrend rather than a super cycle.
Bitcoin price at a glance
At the time of writing, the price of BTC stands at around $88,528, reflecting a decline of more than 1% in the past 24 hours.
