Why The Bitcoin Price Won’t Hit $100,000 Again This Year
Bitcoin’s return to $100,000 in 2026 is looking less likely as price weakens below $80,000. A bearish view argues that Bitcoin has been trapped inside an ascending channel since its February low near $60,000, creating the appearance of strength while momentum fades. The move into the $82,000 CME gap, followed by repeated rejections in early May, is seen as a failed breakout and a sign of distribution rather than continuation. If the channel’s lower support breaks, the next downside targets are around $70,000 and then $60,000, with a deeper slide toward $50,000 possible. A renewed push to $100,000 would require reclaiming resistance above $82,000 and the 200-day moving average. Prediction markets currently imply only a low chance of Bitcoin breaking above $100,000 again before January 2027.
