--- title: "The Streets Are Saying Bitcoin Is Gonna Fall to $30,000" description: "Bitcoin analysts are scrambling to assess just how far Bitcoin might fall, as it appears to be entering a prolonged bear market." date: "2026-02-03" modified: "2026-02-03" authors: - name: "Joe Wilkins" job_title: "Correspondent" link: "https://futurism.com/authors/jwilkins" url: "https://futurism.com/future-society/bitcoin-price-bear-market" categories: - "Future Society" --- # The Streets Are Saying Bitcoin Is Gonna Fall to $30,000 ![Bitcoin analysts are scrambling to assess just how far Bitcoin might fall, as it appears to be entering a prolonged bear market.]() *Illustration by Tag Hartman-Simkins / Futurism. Source: Michael M. Santiago / Getty Images* The digital Beanie Baby has had a rough week. Last week, whispers of impending crypto regulation sent Bitcoin prices into a nosedive. The preeminent blockchain asset dipped just below $75,000 over the weekend, [sending crypto bros]() into a frenzy. And now, the true believers are now whispering even darker prophecies: the real crash hasn't even started. If you take the pseudonymous blockchain influencer Crypto Bitlord's word for it — and why wouldn't you? — Bitcoin could fall as far as $30,000 by the time all is said and done. "The next major support for bitcoin is $30k," the [poster predicted]() to over 430,000 X-formerly-Twitter followers over the weekend. "Unfortunately." https://twitter.com/crypto_bitlord7/status/2017068443514916943?s=20 That cynical take was echoed by Benjamin Cowen, founder of crypto analytics platform Into The Cryptoverse. "I do think Bitcoin is in fact in a bear market," [Cowen said in a video]() uploaded to his YouTube channel. "In terms of cycle length, the length of this cycle was literally the same length as the past two cycles," he cautioned. "It's because, simply, the cycle is over, and instead of being in a bull market, we've transitioned into a bear market after the cycle has topped." This pattern, Cowen notes, pretty faithfully follows the [four-year election cycle]() in the US. In the fourth quarter of 2013, 2017, 2021, and possibly in 2025 — all one year after a presidential election — Bitcoin has consistently peaked before entering a prolonged downturn. "This is when it always drops," Cowen said. "It always tops out in the fourth quarter of the post-election year, and why should this time be any different?" Indeed, for all the rhetoric about decentralized finance and breaking free from traditional markets, it seems Bitcoin keeps dancing to the same tired rhythm. The only question now is how far it'll fall before the next stream of euphoria hits. **More on crypto:** *[Bitcoin Crashing Is Actually Awesome News for Regular People, Economist Says]()* ## Author At Futurism, I focus on the intersection of technology and power — examining the economics, history, and politics behind today’s dystopian headlines. As a writer, I’m interested in topics ranging from AI’s impact on labor to startups nobody asked for. My prior work includes bylines in Jacobin, Verso, and Blue Labyrinths. My work for Futurism has been cited by publications including Forbes, The Guardian, MIT Technology Review, Time, The Nation, Mother Jones, The Verge, and Wired. I grew up in Michigan, attending Central Michigan University as well as Ball State University, where I earned a master of music. I now live in Brooklyn with my girlfriend and our cat Ziti. On weekends, you can find me hunched over a cold pint arguing geopolitics with the other transplants. ### Author social links [Bluesky]()