CryptoQuant contributor says $74.5K could be key BTC level on further downside

CryptoQuant contributor MAC.D analyzed that around $74,500 could become a key BTC price level if the asset falls further, based on the depth of corrections seen in past bull markets. MAC.D said the average drawdown from peak levels across five past bull-market corrections was 14.39%. Applied to Bitcoin’s recent high of $87,027 reached on Oct. 5, that implies a level of about $74,500. BTC fell about 7.61% from $87,027 on Oct. 5 to $80,404 on Oct. 9, a move MAC.D said was similar to the 7.58% average correction seen in the previous bull market from 2022 to 2025. Citing the smaller pullbacks in the recent bull market than in earlier cycles, MAC.D suggested considering staggered buying around $80,000 and increasing buying exposure in the $74,000-$75,000 range.