After reaching levels of $82,000 in May, Bitcoin experienced a sharp decline, falling below $60,000 in just days. Although BTC has recovered from this level, it remains stuck between $60,000 and $62,000.
While analysts generally expect a sideways period for the summer months, expectations of an uptrend for the last quarter of 2026 remain.
At this point, the latest bullish analysis comes from 21Shares, a Europe-based cryptocurrency ETF provider.
21 Shares analysts predict in their latest report that BTC will rise to $100,000 by the end of the year.
According to The Block, 21 Shares noted that Bitcoin’s recent price movements closely resemble patterns following past halvings, concluding that it will return to the $100,000 level by the end of the year.
21Shares noted that while the current pullback in Bitcoin is much smaller than the over-80% pullbacks seen in previous cycles, it closely aligns with historical post-halving patterns.
Analysts also noted that Bitcoin has not yet fallen to the $54,000 level, which is the average purchase price for all investors. 21Shares stated, “Bitcoin has avoided the clear capitulation phase seen in past bear markets,” adding, “This is a sign of a more mature market and stronger capital flows.”
*This is not investment advice.
