According to a report by VanEck, Bitcoin’s (BTC) hash rate has dropped 4%The sharpest drop since April 2024. A dip in the hash rate is a positive sign and may indicate that BTC’s bottom could be near. Digital asset treasuries, or DATs as they are called by the firm, added an additional 42,000 BTC. This is the biggest accumulation of BTC since July 2025. The firm also noted that long-term owners are refusing to give in to pressure from sellers. These three events could indicate that Bitcoin (BTC), is preparing for a possible price drop.
Bitcoin: Has the price reversed?
VanEck’s optimism isn’t the only one. Grayscale and Bernstein both predict that BTC will break out by 2026. Grayscale, as well Bernstein, both claim BTC could be on a five-year cycle instead of the usual four. Bitcoin (BTC) may reach its new record high five years from now, in 2026. Bernstein predicts BTC will reach $150,000 by 2026, and $200,000 by 2027.
VanEck Grayscale and Bernstein have bullish forecasts for Bitcoin, but Barclays is pessimistic. Barclays expects that the crypto industry will face more challenges in 2019. Financial institution Barclays cites the low volume of spot trading and low demand as reasons for their bearish outlook.
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The crypto market struggled in recent months to gain traction, even after two interest rates cuts were made since October. Bitcoin (BTC), currently, is facing significant resistance around the $90.000 level. Macroeconomic uncertainty is blamed for the current market situation. The market participants appear to be taking an anti-risk stance. This trend is further bolstered by the rising gold and silver price. Bitcoin (BTC), however, may not improve until the economic situation is improved. According to CoinGecko’s BTC dataThe original crypto saw a 1,7% rise in its weekly chart and 1.9% over the last month. BTC has fallen by 1.8% from the charts of the day, 3.3% since the charts for the week, and 8.4% in December 2024.
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Source: watcher.guru
