Bitcoin Analysts Flag Potential Drop Toward $38,000–$50,000 and Weak 2026 Upside

On 3 January 2026, with Bitcoin trading close to $90,000, analyst Ali Martinez warned that current momentum resembles past setups ahead of major downturns and could drag the price back into the $38,000–$50,000 zone. Bloomberg's Mike McGlone also expects Bitcoin to move nearer $50,000 after a roughly 20% slide in the Bloomberg Galaxy Crypto Index in 2025, arguing that speculative excesses still need to unwind. Some market observers view such a correction as a reset that could improve long-term risk-reward and push any meaningful recovery phase into 2027 and later.