In October, Bitcoin reached a peak price of $125,100, but Samson Mow, founder of Jan3, labeled 2025 as a bear market year. He forecasts a significant bull run for Bitcoin that could extend through 2035. Other analysts, such as PlanC, support this view, suggesting that those who endured 2025 have weathered the worst.
Currently, Bitcoin is trading at $87,210, having declined 8.98% since the start of the year. PlanC pointed out that the cryptocurrency might close the year with a negative performance, marking a rare occurrence if it finishes below its opening price. Despite optimistic projections from figures like Arthur Hayes and Tom Lee, who anticipated Bitcoin could hit $250,000 by year’s end, the market sentiment remains low.
As the industry looks ahead to 2026, opinions are divided. Some predict further declines, with estimates suggesting Bitcoin could drop to between $60,000 and $65,000. However, others, including Phong Le, maintain that the underlying market fundamentals for Bitcoin remain robust despite recent price drops.