On Tuesday, Bitcoin (BTC) witnessed a notable surge, approaching its nearest resistance level at $94,000, a barrier that has thus far hindered the cryptocurrency’s return to significant milestones, including the coveted $100,000 mark. Despite this, experts remain optimistic about new all-time highs for Bitcoin within the year.
Potential Bitcoin Return To $100,000
Nic Puckrin, a digital asset analyst and co-founder of Coin Bureau, commented on the recent price movements, suggesting that the uptick is more likely a reflexive response from investors who are rebalancing their portfolios after last year’s heavy sell-off, rather than an indication of a fundamental trend shift.
“The bounce in Bitcoin we’re seeing this week is most likely a reflexive move by investors rather than something indicative of a major shift in trend,” Puckrin explained.
Related Reading
Currently, Bitcoin has struggled to maintain momentum after rejecting the $94,700 resistance level. Puckrin warns that a failure to break through this barrier could lead to another decline in value. However, if BTC does breach this resistance, he believes a return to the $100,000 level may be achievable.
Looking further ahead, Puckrin anticipates another all-time high in 2026, although he advises caution regarding the extent of that potential rise. “In the longer term, I expect to see another all-time high this year, but it won’t be as dramatic as some are predicting, and the possibility of a reversal into bear territory remains very real,” he added.
Key Resistance Level
Contrasting this optimism, some analysts express skepticism about Bitcoin’s immediate prospects. Vince Stanzione, CEO and founder of First Information, maintains a bearish outlook, arguing that the risk-reward ratio at current prices is unappealing.
Stanzione evaluates Bitcoin against gold rather than the dollar, asserting that Bitcoin has considerable ground to cover. “I was negative on Bitcoin throughout 2025, and I’m sticking with that view in 2026,” he noted.
He pointed out that while the market’s leading cryptocurrency experienced a decline of about 6% by the end of 2025, gold surged by 66%, resulting in a significant disparity in performance.
Related Reading
Stanzione believes gold will continue to outperform Bitcoin this year, predicting that the digital asset will close the year at a lower price. “There are no compelling reasons to buy Bitcoin at the current $92,000 level,” he stated.
Meanwhile, market analyst Ali Martinez highlighted a crucial price level for Bitcoin in the short term, stating on social media platform X (formerly Twitter) that $94,555 is the “bullish trigger” for the cryptocurrency.
Should Bitcoin break through this level, Martinez indicated that the next target could be $105,291, representing a potential 12% increase. This move would significantly narrow the gap to the all-time high of over $126,000 reached last October.
Featured image from DALL-E, chart from TradingView.com
Credit: Source link