Bitcoin's Rollercoaster: Experts Weigh In On The Future

Bitcoin's price is currently hovering around $109, 000, but experts can't agree on what's next. Some see this as a time of waiting, with the market stuck between hope and caution. The U. S. Consumer Price Index (CPI) release is seen as a key event that could shake things up. A small increase in CPI might boost Bitcoin and other risky assets. Bitcoin has been losing steam since its peak above $126, 000 in early October. Some analysts, like John Glover, think the party is over and a bear market is here, possibly lasting until late 2026. He predicts Bitcoin could drop to $70, 000–$80, 000, but admits there could be short-term bounces. Others disagree. They see the current drop as a normal part of the cycle, not a full-blown crash. They point to stable trading activity and Bitcoin's growing role as a hedge against inflation. They also note that global money supply still plays a big part in Bitcoin's price swings. Asian markets have been setting the tone lately. When liquidity tightens in Asia, Bitcoin tends to drop. The recent fall in futures trading also suggests that speculative bubbles have burst, which could mean a healthier market ahead. Despite the uncertainty, some analysts remain optimistic. Geoffrey Kendrick expects a short-term dip below $100, 000, but sees it as a chance to buy more. He still thinks Bitcoin could hit $200, 000 by the end of the year and $500, 000 by 2028. Institutional investors are sending mixed signals. While some Bitcoin ETFs saw outflows recently, big players like T. Rowe Price are still filing for new crypto-focused funds. This shows that while some are taking profits, others are still betting big on Bitcoin's future.