Bitcoin traders uncover ‘strong signs’ of 2026 bull case: $107K BTC next?
Analysts suggest a potential 2026 bull run for Bitcoin, citing a possible 'Christmas bear trap' and technical targets near $107,000.Summary
Bitcoin traders are identifying strong signals that support a bullish outlook extending into 2026, despite the asset being down 30% from its recent all-time high. Analysts like James Bull suggest the current price drop could be a classic “Christmas bear trap,” similar to previous years, which might reverse in January. The potential for an extended bull cycle is supported by cooling ETF outflows, reduced selling pressure from long-term holders, and favorable macro factors like anticipated rate cuts.
Technically, the BTC/USD pair is consolidating within a symmetrical triangle on the daily chart. A confirmed close above the $90,000 resistance level could trigger a 22% rise, targeting $107,400. Furthermore, some analysts believe the broken 4-year cycle signals a shift away from the old retail-driven boom-bust cycle toward a new structure driven by institutional adoption via ETFs. Citi Group has set a base case prediction for BTC at $143,000 within 12 months.
(Source：Cointelegraph)