- Samson Mow and other analysts say 2025 was a bear market and a multi-year bull run could begin.
- Bitcoin trades near $87,210 and is down about 8.98% year-to-date, according to CoinMarketCap.
- Market sentiment hit a two-week stretch of “extreme fear”, with the Crypto Fear & Greed Index at 20; see the index here.
- Analysts disagree on 2026: some forecast declines to $60,000–$65,000, while others expect an up year; prior projections as recently as October put Bitcoin as high as $250,000 by year-end.
First paragraph:
Samson Mow, founder of Jan3, said on X that “2025 was the bear market,” and suggested Bitcoin could enter a decade-long bull run. His post can be viewed here. PlanC posted a similar view on X, stating “If you made it through 2025, you made it through the bear market.” See the post here.
Current price and sentiment:
Bitcoin is trading near $87,210 and is down 8.98% since Jan. 1, per CoinMarketCap. Market sentiment fell to a score of 20 out of 100 on Dec. 26, marking a two-week stretch of “extreme fear” on the Crypto Fear & Greed Index, which is available here.
Industry views for 2026:
Some market participants expect lower prices in 2026. Veteran trader Peter Brandt predicted Bitcoin could fall to about $60,000 by Q3 2026. Jurrien Timmer, director of global macroeconomic research at Fidelity, said 2026 could be a “year off” with prices potentially near $65,000. By contrast, Phong Le said fundamentals remained strong in 2025, and Matt Hougan of Bitwise called 2026 an “up year” in July.
Additional context:
As recently as October, Arthur Hayes and Tom Lee projected Bitcoin could reach $250,000 by year-end. The asset’s October all-time high near $125,100 remains a reference point for some analysts.
Definitions:
Bear market — a prolonged period of falling prices. Bull run — a prolonged period of rising prices.
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