Bitcoin Trader Maintains $76k BTC Price Target As 2026 Comeback

Bearish BTC price takes are back in full force as Bitcoin gave back the majority of its 2026 recovery, when bulls failed to overcome $95,000 resistance.

Bitcoin (BTC) is still in line for new long-term lows as analysis dismisses recent BTC price gains as a bearish “reset.”

Bitcoin bears appear in control on shorter and longer timeframes as traders see no reason to alter bearish takes.

One forecast maintains that BTC price will return to last April’s lows around $75,000.

A break through the 2026 open may be required for market consolidation.

Bitcoin traders are struggling to construct a bull case based on BTC price behavior so far in 2026.

$BTC Open Interest making new highs while price is slowly drifting lower, Coinbase has deep discount, bears dominating here. pic.twitter.com/UFQd1ozQbu

After nearly reaching $95,000, BTC/USD is back near its yearly open, per data from TradingView, threatening to give up $90,000 on intraday timeframes.

“The first breakout attempt for $BTC is a certified rejection,” Keith Alan, cofounder of trading resource Material Indicators, wrote in a response on X.

Alan, who this week warned of bearish forces playing out on high timeframes, said that “sights are set on a cluster of technical support in the $87.5k - $89k range.”

Source: CoinTelegraph