PANews reported on November 14 that McKenna, a partner at Arete Capital, said that Bitcoin may face a market correction risk of up to 31% in the short term, but in the long term, institutional entry and capital inflows will drive prices to new highs in the coming years. He pointed out that Bitcoin's price has fallen below the 50-week moving average, which could trigger further declines. Key potential support levels include $96,200 (a high-volume area), $93,300 (the opening price at the beginning of the year and the midpoint of the range), and $86,000-$91,000 (a worst-case price "gaps" that, if filled, would imply a drop of approximately -31%). He noted that Bitcoin has found support twice around $92,000, which are typically good entry points. Despite predicting a short-term pullback risk, McKenna stated he would view potential dips as opportunities to buy spot Bitcoin. He predicts that Bitcoin may not reach a new all-time high in 2025, but the price will exceed $150,000 in the second half of 2026 and break through $200,000 before the end of President Trump's term. He believes that continued institutional investment, increased holdings in Bitcoin ETFs, and new capital inflows in 2026 will be the main drivers of the long-term upward trend. Related Reading: Trading Moment: Fed Hawkish Stance Pressures Market, Bitcoin Turns $100,000 into Resistance, Market Focuses on $92,000-$94,000 Support ZonePANews reported on November 14 that McKenna, a partner at Arete Capital, said that Bitcoin may face a market correction risk of up to 31% in the short term, but in the long term, institutional entry and capital inflows will drive prices to new highs in the coming years. He pointed out that Bitcoin's price has fallen below the 50-week moving average, which could trigger further declines. Key potential support levels include $96,200 (a high-volume area), $93,300 (the opening price at the beginning of the year and the midpoint of the range), and $86,000-$91,000 (a worst-case price "gaps" that, if filled, would imply a drop of approximately -31%). He noted that Bitcoin has found support twice around $92,000, which are typically good entry points. Despite predicting a short-term pullback risk, McKenna stated he would view potential dips as opportunities to buy spot Bitcoin. He predicts that Bitcoin may not reach a new all-time high in 2025, but the price will exceed $150,000 in the second half of 2026 and break through $200,000 before the end of President Trump's term. He believes that continued institutional investment, increased holdings in Bitcoin ETFs, and new capital inflows in 2026 will be the main drivers of the long-term upward trend. Related Reading: Trading Moment: Fed Hawkish Stance Pressures Market, Bitcoin Turns $100,000 into Resistance, Market Focuses on $92,000-$94,000 Support Zone