As 2025 draws to a close, the outlook for bitcoin and the crypto market as a whole is cautiously optimistic at best. However, some analysts predict that investors may be bullish in 2026. After a sustained sell-off since Bitcoin hit a high of $126,080 on October 6, Bitcoin stabilized around $84,000 on November 22, indicating that the sustained selling pressure may have ended. The Relative Strength Index (RSI), which measures asset momentum, fell below the oversold level of 30.
This has happened five times since 2023, and each time, Bitcoin has followed a bullish trend. According to analysis by Julien Bittel, head of macro research at Global Macro Investor, if history repeats itself, this pattern suggests that Bitcoin could rise to $170,000 in less than three months.
Matt Hougan, chief investment officer at Bitwise, said that the trajectory of crypto ETFs is "extremely optimistic", with some large brokerages starting to enter the market, and 2026 is expected to be a record year for crypto ETF inflows.
Analyst: Bitcoin could rise to $170,000 in three months
2025-12-19 16:53:35
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