According to crypto analyst @PrecisionTrade3, the BTC/USD pair is well-positioned to rally above $100k soon based on the Elliott wave principle. The crypto analyst noted that the Bitcoin price has established a strong support level above $84k, thus signaling a renewed bullish momentum ahead.
Although macro-bearish supporters have argued that Bitcoin price may be trapped in a falling trend in 2026, Cathie Wood stated that the four-year crypto cycle has weakened due to significant institutional adoption.
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