Bitcoin Price Forecast Says $76,000 BTC 'Is Coming'
Analysts maintain a bearish outlook for Bitcoin, forecasting a drop to $76,000 despite recent price gains.Summary
Despite recent price action near $95,000, Bitcoin traders are struggling to build a bullish case for 2026, with many analysts maintaining bearish stances across multiple timeframes. Keith Alan of Material Indicators noted that the initial breakout attempt was rejected and sights are set on technical support between $87.5k and $89k, viewing any immediate pump as a "sell the rip event" due to a developing macro Death Cross on the Weekly chart. Trader Roman reinforced this bearish sentiment, doubling down on a near-term target of $76,000—a level last seen in April—suggesting the current sideways movement is merely a "reset" to reach that low, as no reversal signs are apparent. Furthermore, trader Daan Crypto Trades suggested that breaking below January's low of just under $87,500 would be beneficial to clear out warnings and establish a firmer floor for a long-term rebound, cautioning against straight upward candles from the monthly open.
(Source：Cointelegraph)