Bitcoin is currently bearish, with a potential drop to $50,000 if $74,508 is breached. A bullish trend may emerge above $100,000, leading to a rally to $126,199. Analysts are split on BTC’s future, with some predicting a bear market and others foreseeing a new all-time high in 2026.

Charts suggest BTC may follow a four-year cycle, although some believe this pattern is now irrelevant due to factors like regulation and institutional demand. Traders are advised to monitor support and resistance levels for trading strategies. Monthly and weekly charts indicate a potential uptrend if BTC stays above key levels.

Bitcoin’s monthly charts show an uptrend pattern, with crucial support at the 20-month EMA. A price drop below $74,508 could signal weakening demand. On the weekly charts, a bearish trend is likely, with a potential drop to $50,000 if key support levels are breached. Traders should watch for signs of a reversal or continuation of the uptrend.

Read more at Cointelegraph: Key Bitcoin Price Levels To Watch Out For In 2026