Bitcoin recently dropped back below $100,000, slipping to $96,000 and sparking over $1.6 billion in liquidations.
Despite this short-term pullback, many analysts remain optimistic about Bitcoin’s long-term outlook, predicting that it could potentially reach $400,000 by 2026.
Technical analysis by TradingShot points to key indicators that suggest Bitcoin’s bullish trend is still intact. The cryptocurrency has followed a consistent pattern for over a year, supported by the 50-week moving average, which has acted as a reliable support level during previous bull runs. As long as Bitcoin stays above this level, the broader market sentiment remains positive.
Bitcoin’s historical price cycles further support these projections, with patterns from previous halving events indicating that Bitcoin could hit its peak by late 2025 or early 2026. Even under more conservative estimates, Bitcoin could still surpass $200,000.
Moreover, the Relative Strength Index (RSI) signals further growth potential. After dropping from an overbought high in March 2024, the RSI suggests that Bitcoin is in a healthy correction phase and could see more upward momentum before reaching its final peak.
Bitcoin’s future trajectory is influenced by various factors, including institutional interest, macroeconomic conditions, and geopolitical developments. While short-term volatility is expected, a lower interest rate environment could offer additional support for Bitcoin. However, analysts caution that maintaining price levels above $96,000 is crucial to avoiding a significant downturn.
As crypto markets drift in a holding pattern, sentiment among everyday traders is showing signs of pessimism—and that might be exactly what Bitcoin needs to break higher, according to blockchain intelligence platform Santiment.
While many in the hedge fund world remain hesitant about Bitcoin’s long-term relevance, especially beyond the Trump era, Eric Semler is moving in the opposite direction—and doing so aggressively.
Geopolitical anxiety is gripping crypto trading desks once again. As the clash between Iran and Israel intensifies and Washington weighs its response, controversial trader James Wynn has doubled down on an already hefty bearish wager—now worth roughly $70 million—against Bitcoin.
Bitcoin (BTC) has gone down by 1.2% in the past month but an important piece of legislation in the United States could change the top crypt’s trajectory in the next few months. The so-called ‘GENIUS Act’, an acronym that stands for “Guiding and Establishing National Innovation for U.S. Stablecoins Act”, has been passed in the […]