Is Bitcoin Beginning a Bearish Period? Analysts Assess: "It's Hard for Bitcoin to Reach This Level by the End of the Year! This is...
Bitcoin saw further declines in November after the October crash, falling below $100,000 and dampening bullish expectations. Some analysts, like ShapeShift's Houston Morgan, highlighted the selling pressure from long-term investors and the challenges posed by Bitcoin's correlation with US President Donald Trump's policies. Bitfinex analysts noted Bitcoin needs to surpass $116,000 to avoid further declines. Predictions for 2026 remain divided, with opinions ranging from a potential bull market to a possible bear market. Analysts emphasize structural pressures and declining investor confidence as key risks.*This is not investment advice.
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Bitcoin's Decline Continues into November
While expectations of a new upward wave in Bitcoin increased after the great crash in October, November started with declines. Historically known as the month of rise, Bitcoin fell below the critical level of $100,000, continuing its downward trend. This drop dampened bullish expectations, with some analysts suggesting that Bitcoin faces challenges in reaching $125,000 by the end of 2025.
ShapeShift Analyst Warns of Market Pressure
ShapeShift analyst Houston Morgan highlighted that Bitcoin has fallen to its lowest level in the last four months. He noted that long-term investors are selling, increasing the selling pressure in the market. Morgan emphasized the importance of Bitcoin breaking its high correlation with US President Donald Trump's policy statements to regain momentum:
“Unless Bitcoin breaks its high correlation with Trump's policy statements, it will not be easy for it to experience a new bull market. It will be difficult for the Bitcoin price to surpass $125,000 by the end of the year.”
$116,000 as the Critical Resistance Level
Bitfinex analysts identified $116,000 as a crucial resistance point for Bitcoin. They emphasized that continued selling pressure from long-term investors is creating structural challenges in the market. Analysts warned:
“If the Bitcoin price cannot quickly break above $116,000 amidst declining demand, the risk of further declines will increase.”
They further noted that weakening upward momentum and prolonged stagnation are eroding investor confidence, which could lead to further downturns in the cryptocurrency market.
The Outlook for Bitcoin in 2026
Analysts are divided over Bitcoin's trajectory for 2026. Bitwise Chief Investment Officer Matt Hougan predicted that 2026 could be a bullish year for Bitcoin. In contrast, financial analyst Andrew Lokenauth forecasted the potential for a bear market in 2026, comparing it to previous mid-season cryptocurrency periods.
It remains uncertain how Bitcoin will perform, with experts expressing differing views on market direction.