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Home»Bitcoin»Bitcoin will it go up this year? Only 17% of people will reach $100K

Bitcoin will it go up this year? Only 17% of people will reach $100K

Bitcoin By Gavin04/07/2026
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Bitcoin price action weakens amid surprising US employment data.
Bitcoin price action weakens amid surprising US employment data.
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Bitcoin is expected to rise this year. At the moment, this question bounces around Reddit posts and trading desks, but the truth is that the answer to it, for the most part, is “no”, at least by a small margin. The latest Bitcoin price predictions for 2026 are primarily bearish. Prediction markets only give Bitcoin an 17% chance of reaching $100,000. Bitcoin’s price has fluctuated between $58,000-$62,000 in recent weeks, still far from its peak of 126,000 dollars set back in October. According to the Bitcoin Price Forecast, there will be more sideways trading before anything major happens. Will Bitcoin rise this year? Bitcoin could reach $100k by the end of this year. But there are a handful factors that no one can fully control.

Source: How Low Can Bitcoin Fall If It Dips Below $59,000?

Bitcoin: The Current Situation

To understand what is driving Bitcoin at the moment, we need to know where it stands. Bitcoin hit its lowest price in 21 months when it closed June, around $60,000. The forecast for the Bitcoin price is a bit weaker than usual, as the currency started off the year at $93,000. In the past, July was a good month for Bitcoin, as it had green closings 9 times out of 13, and an average return of over 7%. This is why traders are still wondering if Bitcoin will go up in 2018.

When analysts talk about BTC’s outlook for 2026, they keep returning to three key factors: spot ETF outflows; a strong dollar; and a Fed who has not been providing much guidance.

Wall Street’s View on Bitcoin Recovery

CoinPaper

Wall Street hasn’t reached a unanimous decision on the question of whether Bitcoin is going to reach $100k by this year. Standard Chartered is sticking to its $100,000 call for the year-end, but its analysts think that current weakness will turn into a buy zone when ETFs start selling less. Citi, on the other hand, cut its 12-month Bitcoin target down from $143,000 to $82,000. They cited ETF outflows and weaker investor demands, as well as slow progress in US crypto legislation, for the decision. It’s a toss-up between which bank is reading the forecast for Bitcoin.

James ButterfillThe head of research for CoinShares had the following to say regarding 2026’s second half:

“More constructive price action likely occurring in the second half of the year.”

The view of many analysts is that Bitcoin’s losses in 2026 were more of a rebuilding period than anything else. The answer to the question of whether Bitcoin will rise this year depends on who is listening.

Bitcoin Rally: The Need for a Bigger Bitcoin Rally

Bitcoin Price Prediction 2026 Outlook: Not Everyone is Cautious Iliya Kalchev is an analyst at the crypto exchange Nexo. He believes that Bitcoin can climb much higher, if certain pieces align correctly. His outlook on Bitcoin reaching $100k in this year differs from most.

Kalchev says:

“If financial conditions turn more supportive, through easing policy, a softer dollar, or renewed liquidity expansion, Bitcoin could revisit and exceed prior highs.”

In order for that to happen, it would be necessary to have long-term investors stop selling their Bitcoins, to continue bringing in institutional money, and to see the Fed become more friendly on rates. All of this is not set in stone, so the answer to whether Bitcoin will rise or fall depends on which week it is. The Bitcoin outlook for 2026 also varies from report-to-report.

Bitcoin Could Drop Lower Instead

This is not to say that there aren’t any downsides. The price has been affected by a hawkish Fed and a stronger dollar, as well as the persistent ETF withdrawals. According to technical analysts, $53,000-$57,000 would be a good support area if prices continue to drop. Bitcoin’s outlook for 2026 is a bit shaky, at least up until the Fed meeting in late July. Officials have not given any forward-looking guidance recently and there are no new economic forecasts before September.

Bitcoin will it go up in value this year at the end of the day? This really boils down to just a handful of factors, including a more dovish Fed, ETFs returning, and actual progress being made on Washington’s crypto legislation. The current Bitcoin forecast and the Bitcoin price predictions 2026 both indicate that Bitcoin will likely remain in a narrow range until one of these things occurs. This is still more probable at the moment, even though some analysts hope to see a big jump before the year’s end.

“This article is not financial advice.”

“Always do your own research before making any type of investment.”

“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”

Source: watcher.guru

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