Crypto market sentiment has remained "extremely fearful" for two consecutive weeks, with industry players divided on BTC's outlook for 2026

TechFlow, Dec 27 — According to Cointelegraph, Alternative data shows that today's cryptocurrency fear and greed index is at 23, with the market remaining in "extreme fear" for two consecutive weeks.

Market sentiment has hovered near lows for most of December, and industry analysts hold divergent views on Bitcoin’s performance in 2026.

For instance, PlanC argues that Bitcoin has never experienced annual declines for two consecutive years, suggesting a bull run next year. Bitwise Chief Investment Officer Matt Hougan also expects price gains in 2026. In contrast, veteran trader Peter Brandt and Fidelity's Head of Global Macro Research Jurrien Timmer believe 2026 could be Bitcoin's "down year," with prices potentially falling to the $60,000–$65,000 range.