Bitcoin's Rollercoaster: Experts Weigh In On The Future

Bitcoin's price is currently $109,000, but the market is stuck between hope and caution. The U.S. Consumer Price Index (CPI) release is a key event that could shake things up. A small increase in CPI might boost Bitcoin and other risky assets.

Bitcoin's Recent Performance

• Peak: Bitcoin reached a high of $126,000 in early October.
• Current Trend: It has been losing steam since then.

Diverging Expert Opinions

Bearish Outlook

• John Glover believes the party is over and predicts a bear market until late 2026.
• He forecasts Bitcoin could drop to $70,000–$80,000, though he admits short-term bounces are possible.

Bullish Outlook

• Some analysts see the current drop as a normal part of the cycle, not a full-blown crash.
• They highlight stable trading activity and Bitcoin's growing role as a hedge against inflation.
• Global money supply remains a key factor in Bitcoin's price swings.

Market Influences

• Asian Markets: Liquidity tightness in Asia has been influencing Bitcoin's price.
• Futures Trading: A recent fall in futures trading suggests speculative bubbles have burst, which could mean a healthier market ahead.

Optimistic Predictions

• Geoffrey Kendrick expects a short-term dip below $100,000 but sees it as a buying opportunity.
• He still predicts Bitcoin could hit $200,000 by the end of the year and $500,000 by 2028.

Institutional Investor Activity

• Some Bitcoin ETFs have seen recent outflows.
• However, big players like T. Rowe Price are still filing for new crypto-focused funds.
• This shows that while some are taking profits, others are betting big on Bitcoin's future.