Bitcoin hitting a quarter-million dollars this year may be more trouble than it’s worth, according to a macro analyst.
“One of the worst things that could happen is that Bitcoin hits $250,000 and the S&P hits $8,000 in about a 3-month period,” macro analyst and investor Mel Matteson told cryptocurrency pioneer Anthony Pompliano in an interview. published On YouTube on Friday.
“And you get this explosive top, everyone rushes to the exits to take profits, and the price starts to fall,” Matteson said.
Bitcoin (Bitcoin) The jump to $250,000 would represent an increase of approximately 142% from its current price of $102,870, According to To Coin Market Cap.
Bitcoin experiences “healthy cycles,” Matteson says.
It comes only days later Bitcoin fell below $100,000 For the first time in four months on November 4th. “We have healthy rotations, healthy movement, and we’ve hit some very interesting points on some of the channels I watch,” Matteson said.
Just a month ago, BitMEX co-founder Arthur Hayes and BitMine Chairman Tom Lee confirmed… Their bullish forecast for BitcoinWhich suggests that Bitcoin may still reach $250,000 before the end of the year, despite the tight time frame.
November has historically been the highest performing month on average for Bitcoin, with an average return of 42%. At Bitcoin’s current price of $103,000, this means the asset will reach $145,000 by the end of the month, if the average continues. According to To Queenglass.
A Bitcoin bear market in 2026 is up for debate in the industry
That would get along with the Canary Capital CEO Stephen McClurg She expects Bitcoin to rise to between $140,000 and $150,000 by the end of this year, before entering a bear market in 2026.
However, not everyone agrees with the bearish forecast for 2026.
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Bitcoin could reach $150,000 for the first time in February 2026, Matteson said.
Matt Hogan, CTO at Bitwise, recently predicted that 2026 will be another “bull year” for Bitcoin, which goes against the traditional narrative of a four-year cycle.
Meanwhile, said Mike Novogratz, CEO of Galaxy Digital In late October that planets It will need to roughly align for Bitcoin to reach $250,000 by the end of the year.
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