Bitcoin Price Briefly Surges Past $92,000 As ‘Bitcoin Breaks 4-Year Cycle’
Bitcoin briefly topped $92,000 as analysts suggest the traditional four-year cycle has broken, signaling an elongated bull run.Summary
The Bitcoin price recently climbed above $92,000, reaching a seven-day high of $92,203. Analysts at Bernstein suggest this movement indicates a structural shift, arguing that the traditional four-year cycle for Bitcoin has broken, leading into an elongated bull cycle driven by sustained institutional buying that outweighs retail selling. Despite a recent correction, ETF outflows have remained low (under 5%). Bernstein raised its 2026 price target to $150,000, projecting a potential peak near $200,000 in 2027, with a long-term 2033 target of $1 million per BTC. Concurrently, JPMorgan maintains a bullish outlook, setting a 6-12 month target of $170,000 based on gold-linked volatility adjustments. MicroStrategy (MSTR), the largest corporate holder, recently purchased 10,624 BTC for $963 million, bringing its total holdings to 660,624 BTC at an average cost of $74,696. JPMorgan views MSTR's enterprise-value-to-Bitcoin holdings ratio favorably, suggesting forced sales are unlikely. As of the report, Bitcoin traded at $90,886.
(Source：Bitcoin Magazine)