Analyst: Bitcoin May Drop to $50,000 Before Potential Rally to $220,000

Bitcoin could revisit $50,000 before its next major rally, crypto analyst Crypto Patel said, citing historical cycles where the asset fell 70% to 85% from peaks before forming durable bottoms, including drawdowns in 2018, 2019 and 2022. Patel maintains a long-term bullish outlook and argues that after a deeper correction and renewed accumulation, Bitcoin might eventually climb toward $220,000 in the coming cycle. On the technical front, BTC has broken above a descending resistance trendline and reclaimed the $72,000 level that previously capped several rallies, setting potential upside targets around $80,000, $84,000 and $90,000 if the breakout holds. If price fails to hold $72,000, support could emerge near $64,000 and then $60,000, aligning with a "final flush" scenario some analysts are monitoring before a longer-term recovery.