Crypto
Bitcoin Price May Plummet to $61,500 by Late 2026 or Soar to New Highs
Bitcoin's price trajectory is uncertain, according to an analysis by TradingShot. If the cryptocurrency breaks a critical higher-lows trendline, it could plummet to $61,500 by October 2026. This prediction is based on bearish patterns seen before major sell-offs this year, as well as repeated rejections at Bitcoin's 50-week moving average.
The current price of Bitcoin is around $78,013, which is close to a key resistance level at $78,000. Michaël van de Poppe highlights that a breakout above this resistance could trigger strength across the crypto market and push Bitcoin toward new highs.