Battle Between Bitcoin Bulls And Bears Spills Over Into 2026: ’s...

Bitcoin bears might have the upper hand at the yearly open, but charts suggest bulls will fiercely defend these key price levels.

Bitcoin is bearish in the short term and could plunge to $50,000 if the $74,508 level is breached.

The short-term trend is likely to turn bullish above $100,000, opening the doors for a rally to $126,199.

Bitcoin (BTC) began 2025 near $93,000, before plunging to $74,500 in April and then rallying to $126,199 in October before falling to about $87,000 on Dec. 31.

Analysts are divided on BTC’s future prospects. Some say that BTC has topped out and a bear market is likely, while others expect limited downside and a rally to a new all-time high in 2026.

Another interesting thing to watch will be if BTC follows its four-year cycle or not. Many believe that Bitcoin favorable regulation, the launch of BTC exchange-traded funds and institutional demand for BTC makes the four-year cycle redundant.

While it is difficult to predict the future with certainty, charts provide insight into potential outcomes. Traders may keep a close watch on the support and resistance levels highlighted in the article and use them as an aid for formulating trading strategies. Let’s analyze the monthly and weekly charts to gain a long-term view of BTC.

Bitcoin has been forming a series of higher highs and higher lows on the monthly charts, indicating an uptrend.

During the previous two corrections, the Bitcoin price found support at the 20-month exponential moving average (EMA) ($88,049), making it a crucial support to watch out for.

If the price closes below the 20-month EMA and the April low of $74,508, the sequence of higher lows will be broken. Such a move suggests that demand is drying up, and buyers are waiting for lower levels to enter. That may put the brakes on the uptrend, pulling the price down toward $50,000.

Source: CoinTelegraph