Don’t Sell Bitcoin Now — The Bull Trend Is Still Alive, Analysts Say

Despite Bitcoin's recent sharp correction from $126,000 down to below $102,000, analysts argue that the current bull trend is still alive. Technically, Bitcoin remains above the crucial 50-week Simple Moving Average (SMA), which sits near $102,000 and has historically acted as strong support during post-halving cycles. A weekly close below this level is seen as a major warning sign, potentially leading to a significant correction, but as long as it holds, the uptrend is considered unbroken.

Furthermore, macroeconomic factors support continued growth. Analysts point to signals that the Federal Reserve may end Quantitative Tightening (QT) and begin cutting interest rates, mirroring the 2020 scenario where renewed liquidity fueled a massive rally. This shift could inject capital back into risk assets like Bitcoin.

Analysts like Colin predict a resumption of the uptrend by mid-November, with potential targets reaching $140,000 to $180,000 by early 2026. A rebound confirmation would require holding above $106,000 to retest the $120,000-$125,000 zone.

(Source：BeInCrypto)