Bitcoin is currently trading near $BTC 70,500, having recently dropped from highs above $BTC 120,000 late last year. While the market is experiencing "extreme fear" due to a 40% plunge and institutional outflows, analysts remain divided on the next move.
Some experts forecast a recovery toward $100,000 by late 2026, driven by global liquidity. However, short-term technical weakness suggests a potential slide to $BTC 68,000 or even $58,000 if support levels fail. For long-term investors, this volatility is typical; however, caution is advised as macroeconomic headwinds and regulatory shifts continue to impact momentum.