Crypto prices have faced declines as investors tread cautiously ahead of U.S. economic reports, reflecting a continuation of a weak trend in December. Bitcoin dipped to around $85,300 but later rebounded near $86,200, yet it remains down over 4% in the last week.

Bitcoin’s Upcoming Movements

Market analyst Doctor Profit stated that he expects Bitcoin to experience a brief surge before reverting to a bearish trajectory, urging traders to remain vigilant. He mentioned executing trades strategically at approximately $86,000 with an expectation for a potential relief rally in the upcoming weeks.

He posits a possible targeting of the $97,000-$107,000 range, estimating this approximates a 20% increase from current figures, which could offer an appealing risk-reward scenario if approached with strict discipline.

Despite this, he concedes a predominantly bearish stance for the market, advocating short-term engagements backed by robust risk management, which includes placing stop-loss orders right after profitable trades. Doctor Profit’s earlier short positions were established between $115,000 and $125,000 and remain unaffected.

He alerted that Bitcoin remains highly volatile and susceptible to sudden drops, cautioning that a significant sell-off could arise at any moment, possibly before even touching the $97,000-$107,000 target. Thus, any buying presently should be approached with great caution, as this could indicate preparation for future declines, with $70,000 appearing as a notable downside target.

Diverging Forecasts for 2026

Another analyst, Mr. Wall Street, warned of a potential deeper correction for Bitcoin after a brief rise towards $100,000, predicting a fall to between $54,000 and $60,000 in Q4 of 2026. There seems to be a broader sentiment shift among prominent Bitcoin enthusiasts regarding price aspirations. Recently, Standard Chartered significantly reduced its projections for Bitcoin, now foreseeing a target of $150,000 by late 2026, while Bernstein analysts mirrored this adjustment.

Conversely, analyst Wise Crypto predicted that forthcoming easing of U.S. monetary policy, enhanced liquidity, and favorable political support might lead to a substantial upside, potentially seeing Bitcoin soar into the $300,000-$600,000 range in the coming year, even amid the current market dynamics.