Bitcoin Could Fall to ₱1,631,842 ($28,301), Analyst Warns
Crypto analyst Jussy has identified ₱1,631,842 ($28,301) as a potential final bottom for Bitcoin based on 2022 bear market parallels, with key support at ₱4,285,365 ($74,321) that could trigger a sharp decline.
Key Takeaway
Multiple analysts see Bitcoin dropping below $30,000 based on 2022 bear market patterns and weakening liquidity.
Crypto analyst Jussy warned that Bitcoin may not have reached its final bottom yet, drawing parallels between the current 2025 cycle and the 2022 bear market collapse.
Bitcoin formed a double top above ₱6,919,225 ($120,000) in 2025, similar to its double top above $60,000 in 2022. After breaking below $100,000, Bitcoin is now in its third week of consolidation—the same stage where the 2022 market transitioned into its final crash. Jussy identified $74,321 as the key horizontal support level that could trigger the next leg down.
The analyst projects a 38% decline from $74,320, which would bring Bitcoin to approximately $46,199 as the first target. His final downside target sits at $28,301, based on the 2022 pattern when Bitcoin erased roughly $11,095 in its final leg down after falling 38.96% from its bear flag range.
Bitget CEO Gracy Chen offered a similar outlook, stating Bitcoin could drop to the $30,000–$35,000 range due to thinning liquidity and trading volumes that have fallen 20-40%. She referenced the FTX collapse when Bitcoin fell from $65,000 to around $16,000, suggesting the current cycle could follow similar patterns.
Other technical analysts have identified $52,000 as a critical support level from September 2024 lows. A confirmed breakdown below that level could accelerate the move toward the $28,301 target that Jussy outlined.
This article was written based on reporting from Bitcoinist.
