Is Bitcoin at risk of dropping another 30%? Recent market volatility has investors on edge. Leading crypto analyst Justin Bennett recently shared a BTC chart predicting exactly that – a potential 30% plunge. After trading above $96,000 on Monday, Bitcoin\'s experiencing a severe downturn, having slipped below $80,000 for the first time since November 11th. But is this a buying opportunity or a sign of more pain to come?

Several factors are contributing to this uncertainty. Bitcoin (BTC) price suffered a brief setback on Friday due to the ByBit hack. This sudden setback, coupled with the S&P 500’s worst day in 2025 and concerning options data, have painted a bearish picture for some.

Bitcoin\'s chances of dropping to $75,000 before the end of Q1 climbed to 9.2% after recent market volatility, says Derive head of research Dr. Sean Dawson. This increased probability reflects the heightened anxiety in the market. On-chain data from CryptoQuant also highlights that market risk is far from resolved, despite Bitcoin’s recent bounce above $85,000.

However, not everyone is bearish. A closely followed crypto analyst is laying out Bitcoin’s worst-case scenario while also showing how BTC could shoot up to a new all-time high. This illustrates the inherent volatility and uncertainty surrounding Bitcoin. Some analysts believe "A 20% to 30% correction is the most bullish thing that could happen to Bitcoin," he said. In this line, Bitcoin has historically shown a recurring pattern of strong rallies after such pullbacks. While BTC has undergone a notable correction, the question remains whether this dip is a precursor to further decline or a springboard for future growth.

Pseudonymous analysts are also weighing in, offering both bullish and bearish scenarios. Whether Bitcoin continues its downward trend or reverses course remains to be seen. Investors should proceed with caution and conduct thorough research before making any decisions.