All-Time High In Sight, But Expert Flags Potential For Bear Market Reversal
On Tuesday, Bitcoin (BTC) witnessed a notable surge, approaching its nearest resistance degree at $94,000, a barrier that has up to now hindered the cryptocurrency’s return to important milestones, together with the coveted $100,000 mark. Regardless of this, specialists stay optimistic about new all-time highs for Bitcoin throughout the yr.
Potential Bitcoin Return To $100,000
Nic Puckrin, a digital asset analyst and co-founder of Coin Bureau, commented on the current worth actions, suggesting that the uptick is extra probably a reflexive response from traders who’re rebalancing their portfolios after final yr’s heavy sell-off, fairly than a sign of a elementary pattern shift.
“The bounce in Bitcoin we’re seeing this week is most definitely a reflexive transfer by traders fairly than one thing indicative of a significant shift in pattern,” Puckrin defined.
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At present, Bitcoin has struggled to keep up momentum after rejecting the $94,700 resistance degree. Puckrin warns {that a} failure to interrupt by means of this barrier may result in one other decline in worth. Nonetheless, if BTC does breach this resistance, he believes a return to the $100,000 degree could also be achievable.
Wanting additional forward, Puckrin anticipates one other all-time excessive in 2026, though he advises warning concerning the extent of that potential rise. “In the long run, I anticipate to see one other all-time excessive this yr, however it gained’t be as dramatic as some are predicting, and the potential of a reversal into bear territory stays very actual,” he added.
Key Resistance Stage
Contrasting this optimism, some analysts categorical skepticism about Bitcoin’s instant prospects. Vince Stanzione, CEO and founding father of First Data, maintains a bearish outlook, arguing that the risk-reward ratio at present costs is unappealing.
Stanzione evaluates Bitcoin in opposition to gold fairly than the greenback, asserting that Bitcoin has appreciable floor to cowl. “I used to be unfavorable on Bitcoin all through 2025, and I’m sticking with that view in 2026,” he famous.
He identified that whereas the market’s main cryptocurrency skilled a decline of about 6% by the tip of 2025, gold surged by 66%, leading to a major disparity in efficiency.
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Stanzione believes gold will proceed to outperform Bitcoin this yr, predicting that the digital asset will shut the yr at a cheaper price. “There are not any compelling causes to purchase Bitcoin on the present $92,000 degree,” he said.
In the meantime, market analyst Ali Martinez highlighted an important worth degree for Bitcoin within the brief time period, stating on social media platform X (previously Twitter) that $94,555 is the “bullish set off” for the cryptocurrency.
Ought to Bitcoin break by means of this degree, Martinez indicated that the subsequent goal could possibly be $105,291, representing a possible 12% improve. This transfer would considerably slender the hole to the all-time excessive of over $126,000 reached final October.
Featured picture from DALL-E, chart from TradingView.com
