Bitcoin 'not Likely' To Make New All-time High In 2026, Says
Bitcoin long-term short signals from trading tools caused analysis to conclude that no new BTC price all-time high would come this year.
Bitcoin (BTC) faces a new “battle” for control before bulls trigger the next round of BTC price gains — but the long-term outlook is grim.
Bitcoin short-term and long-term perspectives contrast as bears stay in control on high timeframes.
A golden cross on the day chart does not cancel out short signals for the rest of the year.
In his latest X analysis on Wednesday, Keith Alan, cofounder of trading resource Material Indicators, forecast a retest of the 2026 yearly open.
Bitcoin price action is now caught in a tussle between buyers and sellers — but a return to $87,500 is “not a matter of if, but when,” Alan says.
Pointing to Material Indicators’ proprietary trading tools, he revealed that bulls are trying to preserve support at $92,000.
“FireCharts shows a realtime battle unfolding in the $BTC order book,” he commented.
That cross involves the 21-day and 50-day simple moving averages (SMAs) — the former crossing above the latter would indicate renewed strength on lower timeframes.
Before that, however, a support retest of the yearly open is on the wall.
Source: CoinTelegraph
