According to Foresight News, reported by Cointelegraph, although Bitcoin set a historic high of over $126,000 on October 6, it subsequently faced a $19 billion liquidation event, with the current trading price around $87,000. There are differing opinions in the market regarding future trends; 50T Funds founder Dan Tapiero believes the bull market is still in the 'mid-stage,' while Fidelity's research director predicts that Bitcoin may face a 'consolidation year' in 2026, with support levels between $65,000 and $75,000.
Analysts point out 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. Currently, tracking data shows that most top traders have a short-term bearish stance on mainstream cryptocurrencies.
