Analyst: Bitcoin Could Surge to $170,000 in Three Months

BlockBeats News, December 19th, according to Decrypt, as 2025 comes to a close, the outlook for Bitcoin and the entire crypto market is at best cautiously optimistic. However, some analysts predict that investors may see a bullish trend in 2026. Since Bitcoin touched a high of $126,080 on October 6th and went through a period of continuous selling pressure, stabilizing around $84,000 on November 22nd, it seems that the sustained selling pressure may have ended. The Relative Strength Index (RSI), which measures asset momentum, had dropped below the oversold level of 30.

Since 2023, this situation has occurred five times, and each time, Bitcoin has subsequently shown a bullish trend. According to analysis by Julien Bittel, Director of Global Macro Investor, if history repeats itself, this pattern suggests that Bitcoin could rise to $170,000 in less than three months.

Matt Hougan, Chief Investment Officer of Bitwise, stated that the development trajectory of crypto ETFs is "extremely optimistic," with some major brokerages entering the field, and 2026 is expected to be a record year for inflows into crypto ETFs. Furthermore, the recent downturn in the crypto market is mainly due to two reasons: "investors choosing to sell due to the anticipation of the four-year cycle coming to an end" and the "October 11th market crash." Once these negative factors dissipate, the market will rebound, and unique factors such as tokenization and institutional adoption will become the primary drivers of price. The cryptocurrency market will gradually mature and develop based on its own fundamentals.