- Bitcoin could reach $250k in a future bull cycle, but current momentum suggests a crypto winter phase first.
- A typical post-winter recovery could push Bitcoin 3–5x from the eventual bottom, putting $150k–$300k in range.
- Short term, downside and consolidation risk remain, so **$250k is a long-term, not near-term, scenario.
Is Bitcoin slipping into a ‘Crypto Winter’?
Both gold – digital and real – have fared badly over the past week.
As gold crashed from $5,600 to $4,600 in a matter of hours, Bitcoin took its time. Still, the direction of its travel recently mirrors that of the precious metals: Down.
On Wednesday, Bitcoin slumped to its lowest level since late 2024. The correction from its peak at $125K has widened to a worrying 43 percent.
At the time of writing today, the $1.4-trillion crypto asset fared no better. It is changing hands at around $71,000.
This means that Bitcoin has yielded no real price gain for many holders since President Trump won the election on November 2024. So much for the “crypto presidency” that many have been pinning their hopes on.
But, crypto bulls would argue that nearly all crypto-related securities did surge significantly at some point during the last 15 months.
Coinbase (COIN), for example, rallied 100% from $200; Galaxy Digital (GLXY) rose 5x.
MicroStrategy (MSTR) did even better as traders piled into the stock in early 2025.
Not to forget are those speculative miners like Iren (IREN), which rose 13x from $5, Riot (RIOT), CleanSpark (CLSK), Hive (HIVE), TeraWulf (WULF), Mara (MARA), and Cipher Mining (CIFR).
These crypto stocks skyrocketed in 2025. If any trader failed to exit suitably when opportunities were opened, blame cannot be pinned on the slowing crypto market.
Still, should we expect a recovery from Bitcoin soon?
Technically, that’s not what the chart is saying right now. Downward momentum is strong; speculative risk sentiment on the wane.
There could be support for Bitcoin at $70k, but that does not mean prices will not drop another 10 percent – as we’re looking at a range of prices ($50-70k) from the previous pattern.
Another point to note is that Bitcoin is developing a habit of following gold to the downside. Will this correlation pattern assert going forward? I’m not so sure, but it can’t be ruled out. If gold does correct further, it may pull Bitcoin lower.
In sum, as the dreaded “crypto winter” may be upon us. Thus downside risks are swelling. This means many crypto-related equity securities may drop further and test their 2025 lows.
For now, trying to find a “bargain” in the sector entails significant price risk. Perhaps wait for a further industry washout (a proper winter) to improve the risk-reward ratios.
Jackson is a core part of the editorial team at GoodMoneyGuide.com.
With over 15 years of industry experience as a financial analyst, he brings a wealth of knowledge and expertise to our content and readers.
Previously, Jackson was the director of Stockcube Research as Head of Investors Intelligence. This pivotal role involved providing market timing advice and research to some of the world’s largest institutions and hedge funds.
Jackson brings a huge amount of expertise in areas as diverse as global macroeconomic investment strategy, statistical backtesting, asset allocation, and cross-asset research.
Jackson has a PhD in Finance from Durham University and has authored over 200 guides for GoodMoneyGuide.com.
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