TechFlow, Dec 24 — Despite Bitcoin hitting a record high of over $126,000 on October 6, it later faced a $19 billion liquidation event and is currently trading around $87,000, according to Cointelegraph. Market sentiment remains divided on future direction: Dan Tapiero, founder of 50T Funds, believes the bull market is still in its "mid-phase," while Fidelity's research director predicts Bitcoin may enter a "consolidation year" in 2026, with support levels between $65,000 and $75,000.
Analysts note that Bitcoin's four-year cycle is gradually evolving into a broader long-term trend driven by fundamental factors such as global liquidity and sovereign adoption. Current tracking data shows most top traders hold a short-term bearish stance on major cryptocurrencies.
