Bitcoin price has seen some brutal swings in the last few months. After touching a record high of about $126,220 in early October 2025, the world's largest cryptocurrency has fallen to below $65,000 levels and is trading around $68,000 currently. The market is caught between hope for a fresh rally and growing suspicion that the real washout has not happened yet. Moreover, the analysts have pointed out to another brutal possibility that the Bitcoin price could plunge as low as $43,000 before its next bull run. Bitcoin's painful slide The mood in Bitcoin now is very different from the optimism that defined last autumn. Analyst Ali Martinez, citing Glassnode's MVRV Pricing Bands, has flagged $73,726 as the current 1.