On 24 December 2025, analysts highlighted that Bitcoin’s subdued year-end price action, compressed volatility, and lack of a blow-off top resemble prior accumulation phases rather than cycle peaks. Macro data tied to the Financial Stress Index and declining exchange reserves indicate ongoing risk is not yet elevated while more BTC moves into long-term storage, suggesting the market may be quietly building a base instead of approaching a major crash. Some forecasts still allow for downside in 2026, but others see potential for a major advance, with targets up to $200,000.

In VanEck's 2026 outlook, David Schassler argues that Bitcoin's current underperformance versus the Nasdaq 100 Index could set it up to be a leading asset next year. He links the recent downturn to softer risk appetite and temporary liquidity pressure, while colleague Matthew Sigel says the four-year cycle remains intact after an early October 2025 peak. Market expert Ruslan Lienkha expects macroeconomic factors and corporate treasury allocations to be key drivers for BTC and ETH in 2026, alongside wider institutional participation as regulation advances.

Matador Technologies has been authorized to issue up to C$80 million, or about $58 million, in securities over the next 25 months to support a long-term Bitcoin-focused treasury strategy. The company aims to increase its holdings from roughly 175 BTC to 1,000 BTC by 2026 and ultimately target 1% of Bitcoin's total supply, while more than 190 publicly traded firms currently hold Bitcoin despite recent stock price declines.

Galaxy head of research Alex Thorn stated on Tuesday that Bitcoin’s all-time high above $126,000 in October equates to $99,848 when converted into 2020 dollars, leaving it just under the six-figure threshold. He based this figure on cumulative Consumer Price Index changes since 2020, as U.S. inflation has eroded the dollar’s purchasing power while the Dollar Currency Index has fallen 11% since the start of 2025.

According to NewsBTC, Bitcoin reversed from the $90,500 zone and the $90,552 high, sliding below $88,000 and the 100 hourly Simple Moving Average. Resistance is clustered at $87,650 and $88,500, while supports lie near $87,000 and $86,750–$86,800. A close above $89,100 could target $90,000 and $90,500; failure risks $86,000–$85,450 and $84,500.

Matador Technologies has been authorized by the Ontario Securities Commission to issue up to CA$80 million ($58.4 million) in securities over 25 months. The Bitcoin-focused firm plans to use the capital to expand its holdings from 175 BTC toward a 1,000 BTC treasury target by the end of 2026, even as its MATA shares fell 3.57% following the announcement.

Bitcoin entrepreneur Anthony Pompliano told CNBC on Tuesday that Bitcoin's subdued year-end price action and reduced volatility make a 70%–80% drawdown in the first quarter of next year unlikely. While Bitcoin trades around $87,436 and is down 7.39% from Jan. 1, he highlighted its gains of about 100% over two years and nearly 300% over three years, even as some analysts now warn of potential declines toward $60,000–$65,000 by 2026.

Bitcoin is trading around $87,450, with daily turnover near $42.5 bn. Market gauges show the Fear and Greed Index at 29 and the Altcoin Season Index at 17, pointing to a Bitcoin-led phase. Technically, buyers have defended $84,500–$85,000 as price compresses between the 50-EMA near $88,200 and the 100-EMA around $88,850.