Analyst: Bitcoin may rise to $170,000 within three months

On December 19, according to Decrypt, as 2025 approaches its end, the outlook for Bitcoin and the entire crypto market is at best cautiously optimistic. However, some analysts predict that investors may see a bullish trend in 2026. After Bitcoin reached a high of $126,080 on October 6, it experienced a sustained sell-off, and by November 22, Bitcoin stabilized around $84,000, indicating that the ongoing selling pressure may have ended. The Relative Strength Index (RSI), which measures asset momentum, had fallen below the oversold level of 30. Since 2023, this has happened five times, each time followed by a bullish trend in Bitcoin. According to Julien Bittel, Head of Macro Research at Global Macro Investor, if history repeats itself, this pattern suggests Bitcoin could rise to $170,000 in less than three months. Matt Hougan, Chief Investment Officer at Bitwise, stated that the development trajectory of crypto ETFs is “extremely optimistic,” with some major brokerages beginning to enter the market. It is expected that 2026 will be a record year for crypto ETF capital inflows. Additionally, the recent downturn in the crypto market is mainly due to “investors selling off in anticipation of a four-year cycle” and the “October 11 market crash.” Once these negative factors dissipate, the market is expected to rebound. As tokenization and institutional adoption become key drivers, the cryptocurrency market will gradually mature based on its fundamentals.