"Negative factors are almost gone." Bitcoin price forecasts
"Bitcoin witnessed a significant surge from $62,000 to nearly $80,000 during the week of August 17, driven by a US Treasury decision to increase bond purchases. Several major market players have issued bullish long-term forecasts, suggesting Bitcoin could reach $500,000 in the coming years. However, the short-term outlook remains mixed.
Analysts note that negative factors for Bitcoin have largely diminished. American macroeconomist Lyn Alden stated speculative capital has been flushed from the market, and even small gains could attract new buyers. Standard Chartered has set a $100,000 price target by late 2026, viewing the recent breakout above $65,000 as a sign the cycle's bottom is past. VanEck's Matthew Sigel predicts $100,000 next year and a potential rise to $500,000 by 2029, noting the correction from the October 2025 peak is ending. Coinbase CEO Brian Armstrong sees a "very likely" scenario of Bitcoin reaching $300,000-$400,000 by 2030 due to US regulatory clarity and adoption.
Despite the rally, experts caution that historical data previously suggested the cycle bottom might not occur until autumn 2026. In the near term, Alexander Peresich, CEO of Tekhnobit, commented that Bitcoin could consolidate above $80,000 if sustained demand from spot markets and ETFs continues. Otherwise, profit-taking amid low weekend liquidity could trigger a correction. He views the current momentum as a "sigh of relief rather than a signal of a long-term trend reversal," with the market remaining sensitive to inflation expectations and geopolitics. He outlined two scenarios for the weekend: an optimistic one holding above $76,000-$77,000 and targeting $80,000, and a pessimistic one involving a pullback to $72,000-$75,000. He concluded that the weekend will test whether there is solid underlying demand supporting the price movement."
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