Bitcoin has already lost nearly half of its value since reaching a record high of $126,000 in October 2025. That decline has shaken confidence across the crypto market, yet some analysts believe the correction may still have more room to run before a true bottom forms. BTC currently trades near $62,000, which means the world’s largest cryptocurrency remains far above its historical bear market lows. A growing number of analysts are now looking at previous Bitcoin cycles to understand what could happen next. One chart in particular is attracting attention because it points to a destination many investors hoped would never return: $30,000.