Bitcoin Model Projects BTC to Reach $255K ‘Conservative’ Target in 2026

A long-term valuation model, the Bitcoin Decay Channel, suggests that Bitcoin (BTC) could recover from its current decline and reach a conservative year-end target of $90,000 to $255,000. The model, which tracks BTC's long-term uptrend while accounting for smaller gains in each cycle, has historically seen major tops near its upper bands and bear-market lows near its lower support zone. The current rebound began near this lower support, indicating a potential bullish continuation. Analyst Sminston projects a range of $128,000 to $308,000 for the end of 2027. This prediction aligns with other forecasts, including Bernstein's $150,000 target for 2026 and Arthur Hayes' expectation of BTC reclaiming $126,000 this year. However, bearish indicators like a multi-month bear flag suggest risks of BTC falling below $56,000. On-chain data from the Bitcoin HODL Waves indicator points to a potential bottom in the $65,900–$70,500 range, with a stronger long-term holder base potentially forming a higher, slower bottom this cycle.

(Source：Cointelegraph)