Matt Mena, an analyst at digital asset investment company 21Shares, stated that conditions are beginning to form for Bitcoin to rise to the $100,000 level in the fourth quarter of 2026. Mena noted that while price fluctuations may continue in the short term, Bitcoin's potential to resume its upward trend is strengthening.
According to the analyst, in the near future, Bitcoin may retest the $75,000 level. Despite the possibility of such a correction, Mena stated that the likelihood of BTC returning to the $80,000 level has increased. He predicted that Bitcoin could rise to $82,000 by the end of the month if current market conditions remain favorable.
In MENA's estimation, the Bitcoin market simultaneously presents a risk of short-term correction and a medium-term bullish trend. The $75,000 level stands out as a potential support point, while a rebound above $80,000 could be viewed as a significant technical event for the market.
To reach the $100,000 target level in the fourth quarter, Bitcoin would need to rise significantly from current levels. Therefore, investors should closely monitor potential price fluctuations around $75,000 and its ability to sustain above $80,000 in the upcoming period.
It is estimated that if Bitcoin reaches the $82,000 mark by the end of the month, market prospects may further strengthen ahead of the start of the fourth quarter. However, due to the high volatility of the cryptocurrency market, short-term price fluctuations may differ from analysts' forecasts.
According to 21Shares analyst Matt Mena, current prospects indicate an increasingly favorable environment for Bitcoin to begin a new upward trend toward the $100,000 mark in the fourth quarter.
*This is not investment advice.
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