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What’s Next for Bitcoin? Discover Two Potential Price Outcomes!
In the latest bitcoin news, a well-regarded market analyst has outlined two possible price trajectories for Bitcoin as it experiences a bullish start to 2026. Over the past three days, Bitcoin has gained 3.4%, currently trading at $90,500. This positioning places the cryptocurrency at a critical juncture, as its next price movement could significantly impact the market.
The analyst, known as Bitcoin Meraklisi, recently shared a two-pronged price analysis on X. Following a notable rally, Bitcoin now sits atop a three-month downtrend, making its next move crucial. In a bullish scenario, a decisive breakout above $90,500 could propel Bitcoin to $94,800. Achieving this target may further open the door for Bitcoin to reach as high as $107,300, marking a return to six-figure territory for the first time since mid-November.
Meraklisi expresses strong bullish conviction, suggesting that Bitcoin could even rebound to $123,500, representing a potential upside of 36.5% from current levels. However, the analyst warns that should Bitcoin face rejection, an initial price drop to $88,000 is likely. A further decline to approximately $86,000 remains a possibility as well.
Interestingly, Meraklisi highlights the current difficulty in making accurate price predictions, attributing this challenge to the market’s heightened sensitivity to macroeconomic factors and external events. Over the past year, Bitcoin has seen increased adoption, evidenced by rising participation from institutional investors and governments. However, geopolitical tensions and renewed trade-war concerns have also contributed to recent price declines.
Positive Signals Amid Market Uncertainty
Despite the prevailing market uncertainty, Meraklisi notes a positive signal from Bitcoin’s relative strength index (RSI). The RSI has recently broken out of an ascending triangle pattern, signaling the potential end of a three-month downtrend. If this breakout acts as a leading indicator, Bitcoin may overcome its current resistance and shift into a bullish price trajectory.
As of now, Bitcoin is valued at $90,603, reflecting market gains of 0.76% and 3.13% over the last day and week, respectively. However, the monthly chart reveals a minor loss of 1.68%, suggesting that a broader market recovery has yet to take shape. With a total market capitalization of $1.8 trillion, Bitcoin retains its status as the largest cryptocurrency and the eighth largest asset globally.
Given the volatility and uncertainty surrounding the cryptocurrency market, traders and investors should remain vigilant. Monitoring these potential price outcomes could help navigate the unpredictable landscape of Bitcoin trading.
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This analysis underscores the importance of staying informed in a rapidly evolving market. With the right strategies and insights, investors can position themselves effectively for potential gains as Bitcoin navigates its next critical phase.
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