Bitcoin the price has dropped recently to USD 66,000 and a bearish re-test at USD 69,000 is currently confirmed, and two conditions, as shown by technical analysis, are a prerequisite for a move to USD 45,000. After checking both boxes the path of least resistance indicates a much lower move and future levels will determine how this move plays out.

Lower highs accumulate, showing bears control

Bitcoins latest price movements were analyzed based on the bearish action plan scratched by cryptocurrency analyst Crypto Patel as the market tries to recover from losing key levels. The current price is shaping up as a more organized decline, with the price reacting to structure breaks and bear zones.

The architecture of Bitcoin’s price action since its all-time high in October 2025 shows that the cryptocurrency printed a continuous sequence lower highs and lower lows, and any recovery attempt was met with renewed selling pressure. The shift from higher highs to consistently lower highs and lower lows has already occurred, signifying a shift in control from buyers to sellers.

Technical analysis of this price action identifies two key resistance zones that have already proven their importance. The first, Bearish Order Block 1, is in the $76,000 to $79,000 range and was the zone where Bitcoin’s last attempted rally in March lost momentum, creating another lower high on the daily time frame. Above, block 2 bearish orders extend to the $88,000 to $92,000 region.

Moreover, two conditions that Crypto Patel considered to be grounds for bearish continuation have now been met. A break at the level of $66,000 was confirmed, and then a retest at the level of $69,000 was carried out in the first days of April.

The next step to $45,000 and what a difference it could make

Since bear’s continuation of this the most likely scenario, as long as Bitcoin is trading below $69,000, within this framework the target drop is $45,000. This level would represent a decline of approximately 64% from the record high of $126,080 set in October 2025. This is earnest in nominal terms, but not without precedent in Bitcoin price history. Past bear markets have routinely seen Bitcoin pull back 50% to 80% from cycle highs before establishing a eternal bottom.

The closest primary structural reference below the current price is a Structure Break level of $59,809 off the February cycle low. This is the first significant floor before the scenario of a deeper disaster.

However, there is a price level that would make this possible force a re-evaluation bear theses. Crypto Patel places the void at $72,000. Recovering $72,000, or only about 7.5% above the current price, would undermine the bear continuation scenario. This would also show that buyers have regained enough control to challenge the dominant downtrend structure.

Featured image from Getty Images, chart from Tradingview.com