Bitcoin May Surge to $200,000 by 2026, Analysts Predict
Bitcoin is showing signs that it could soon experience a major price surge, following its recent struggles to hold above $60,000.
Analysts are optimistic that the cryptocurrency might reach $200,000 by early 2026.
Crypto analyst TradingShot has highlighted that Bitcoin’s current price patterns resemble historical trends that often precede significant rallies. The analyst notes that Bitcoin’s price movements from its lows to the next halving event typically predict the duration and peak of subsequent bull markets.
For instance, during the 2015-2017 cycle, Bitcoin rallied for about 1,064 days from its lowest point before hitting a peak. If this trend continues, a similar rise could occur by late 2025 or early 2026.
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The Cyclical Pivot trendline, a key resistance point since the 2018 bear market, may soon be breached, signaling potential growth. This trendline has historically been an important indicator of major support and resistance levels.
Bitcoin’s recent exit from the “Bear to Bear” phase, a period between bear market bottoms, suggests the start of a new bull market. Technical indicators, including the rebound of the one-week Relative Strength Index (RSI) and the support from the 50-week moving average, support the bullish outlook.
Currently trading around $59,380, Bitcoin has seen a decline of nearly 1.9% in the past day and over 2.5% over the past week. As Bitcoin attempts to surpass the $60,000 level, monitoring these critical price points will be crucial for confirming the potential for a significant upward trend.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
