Bitcoin Price Forecast 2026 Signals Short-Term Bearish Pressure Despite $250k Prediction

• Bitcoin shows short-term bearish pressure even though analysts forecast $250K by 2026.
• On-chain metrics indicate a potential bear market, testing $70K, possibly declining toward $56K.
• Gravestone doji patterns and technical signals suggest upcoming periods of increased price volatility.

Bitcoin (BTC) is entering a critical phase, with long-term success predicted but short-term market challenges. Growth is expected due to institutional investments and limited supply, but indicators suggest potential volatility. The coming weeks will be crucial in determining whether Bitcoin rises or falls.

Bitcoin’s Future Remains Highly Uncertain

Although it experienced a short-term downturn, some analysts make far-sighted predictions. Crypto analyst Crypto Patel quoted Cardano founder Charles Hoskinson, who believes BTC will reach $250,000 by 2026.

Hoskinson’s considerations are based on institutional investment in BTC, its limited supply, and macroeconomic conditions that could direct investment into assets, which shield against inflation and ensure expansion.

The on-chain situation presents a guarded outlook. CryptoQuant analysts indicate that BTC could be in a bear market as early as October. They observe that spot Bitcoin ETF and business entity buying have gradually slowed down. This could see BTC test $70,000 in the short term, with a possible drop to $56,000 by 2026.

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BTC Enters Critical Transition Phase

According to technical analysis, turbulent times are looming. Market analyst CRYPROWZRD noticed that during the recent period, Bitcoin formed a gravestone doji, meaning that this might indicate a reversal or high volatility times.

However, the analyst pointed out that there may be volatility in the markets due to US GDP statistics, but more stable markets are required before engaging in any short-term trades.

At the time of writing, BTC is trading at $87,471, 24h volume of $61.39 billion, market cap of $1.74T. It has been down 2.46% over the last 24 hours, which comes on the heels of record highs.

Overall, BTC is at a point of transition, caught between lofty growth expectations and technical warning signs. The upcoming weeks, with major economic announcements, portend what the next big move for BTC will look like.

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