Grayscale Analysts: Bitcoin Could Reach New Highs in 2026

Analysts at Grayscale Research predict that Bitcoin may reach new all-time highs in 2026 and reject concerns that the coin is entering a period of deep, prolonged decline.

They believe that the flagship cryptocurrency is unlikely to follow the so-called four-year cycle — the widely held view that BTC first reaches a peak and then sharply declines every four years in accordance with the halving schedule.

“Despite the uncertainty of the outlook, we believe the four-year cycle thesis will prove incorrect, and that next year Bitcoin’s price could potentially reach new highs,” Grayscale analysts stated.

Since early October, the leading crypto asset has experienced a turbulent period, falling 32% from the peak reached in November. At the time of writing, it was trading at $87,300, having gained only 0.1% over the past week.

Grayscale highlighted several reasons why Bitcoin may break out of its typical four-year cycle. Unlike previous bull markets, this cycle has not seen the parabolic growth that usually precedes a major reversal.

Furthermore, unlike in past cycles, the current market structure shows institutional investors allocating capital into exchange-traded products and digital-asset-backed treasuries rather than relying on retail trading on spot exchanges.

The macroeconomic environment also remains relatively favorable, according to Grayscale analysts, with potential rate cuts and bipartisan support for cryptocurrency legislation in the United States creating positive conditions for the market.

See also: "Analyst: Bitcoin Is Under Pressure Amid a Potential MSCI Review of Strategy Inc."

#Bitcoin (BTC) #Forecast

Share: