Bitcoin's Downward Trajectory: Can It Hit $100K Again in 2026?

Bitcoin's price has been on a downward trajectory since late 2025 after hitting an all-time high of $126,080 in October. The asset last traded above the $100k price level in November 2025, and investors are wondering if it can realistically reclaim this mark again in 2026.

There are several factors contributing to Bitcoin's current low price. Firstly, we're in a bear market, which has led to risk-aversion among investors. The cryptocurrency sector is considered one of the riskiest markets, and retail players are hesitant about high-risk investments.

The ongoing war between the US and Iran also played a significant role in pulling down Bitcoin's price. Oil prices surged due to the conflict, leading to higher inflation. Although inflation dipped for June, numbers could pick up for July, which may lead to higher interest rates and less risky investments.

However, if the CLARITY Act is passed, it could bring more regulatory clarity to the US and increase investor protection. This move could lead to increased crypto investments from institutions and retail investors, potentially allowing Bitcoin to reclaim its $100k mark.