- Bitcoin and Ethereum prices fall rapidly.
- Analysts recognize brutal a correction playing out.
- The bottom for BTC could be $73,000 or $79,000.
The crypto bull market, which many analysts confirmed had begun in August 2026, seems to be experiencing a small challenge as Bitcoin and Ethereum prices fall rapidly. According to many reputed crypto experts and analysts, the crypto market is simply experiencing a brutal correction playing out. Analysts now try to confirm where this correction will end and where that will leave BTC and ETH prices.
Bitcoin and Ethereum Prices Fall Rapidly
The crypto community was disheartened to see the price of Bitcoin trade down from the $87,000 price range to that of the $82,000 price range where the pioneer crypto asset is trading now. Similarly, the price of Ethereum is currently trading down from the $8,700 price range to the $2,500 price range where the pioneer altcoin asset is currently trading. This sudden dip is being attributed to a price correction state.
Over the past few weeks, both the prices of BTC and ETH have seen an impressive surge. In detail, the price of BTC went up from as low as $71,000 to $87,000, while the price of ETH went from $2,400 to $2,700. This one bullish surge, due to its speed and intensity, went on not only to confirm the end of the bear market, but signaled the start of the early bull market phase. Now, with prices dipping to lower targets, analysts believe a correction is underway.
Analysts Recognize Brutal Correction Playing Out
During the surge, one reputed crypto analyst, known for his many silver-tongued predictions so far, went on to state that once BTC would reach $88,000, the asset would then go on to experience a correction with a target of $79,000. Once this target would be met, then he would reveal his next move, perhaps awaiting a new lower target, or a surge back up to higher prices.
The analyst in the post above goes on to share a similar expectation. In detail, this expert states that a price correction is underway instead of a simple pullback. She also expected the daily, 2-day, and 3-day price chart to flip bearish, marking a technical large bear flag, resulting in a downside which could take the price of BTC to a target as low as $73,300. The post concludes with the positive move that will follow after this correction completes.
She says that for October, the monthly will close bullish for the first time on her TA, since it became bearish in September 2025. This fresh data usually means a few weeks of downtrend and consolidation before great upside towards $90,000 and higher altcoins will follow the rise of BTC, meaning this could be the last opportunity to buy more or enter the market at lower prices, before the bull season strikes with hundreds of green candles.
