Crypto: When Will Bitcoin Start A New Bull Cycle Toward $150k? Look For...

Bitcoin price could still reach $150,000 by year-end, but several things must happen for BTC price to find its technical footing and spark a new bull run.

Bitcoin (BTC) may recover from its ongoing slump and reach $150,000 by the year’s end, according to a recent Bernstein outlook.

Bitcoin must hold the 200-week SMA and see new-investor flows turn positive.

Sidelined capital must flow back into crypto, and the quantum threat needs to be addressed.

More rate cuts from the Fed in 2026 will bring risk-on investors back to BTC.

One condition that has consistently defined Bitcoin’s transition from bear markets to new bull cycles is the price action around the 200-week simple moving average (200-week SMA, the blue wave).

Historically, this wave has acted as a magnet during deep drawdowns and a solid floor once selling pressure subsides.

In both 2015 and 2018, Bitcoin bottomed near the 200-week SMA before entering multiyear uptrends. The 2022 bear market saw BTC price briefly breaking below it, but the failure proved short-lived.

Bitcoin holding above the 200-week SMA will reduce the odds of a prolonged, 2022-style capitulation, while keeping the path open for a new bull phase.

Another prerequisite for a sustained bull run is a reversal in new investor flows.

Source: CoinTelegraph