Grayscale Warns Against Anticipating a Bitcoin Bear Market in 2026
Grayscale's Market Outlook: Grayscale dismisses predictions of a Bitcoin price crash, suggesting that the recent 32% drop is typical for bull-market pullbacks and does not foresee a prolonged downturn like in previous cycles.
Market Dynamics: The firm highlights changes in market structure due to exchange-traded products and corporate treasuries, which may lessen the impact of traditional price cycles and support a more positive outlook for 2025 and 2026.
Privacy Cryptocurrencies Performance: Privacy-focused cryptocurrencies like Zcash, Monero, and Decred outperformed the market in November, driven by increased developer activity and the emergence of privacy as a key theme in digital asset utility.
Bitcoin Price Levels: Bitcoin is currently trading between $84,000 and $93,000, with critical support at $84,000 and resistance near $93,000; a breakout above this level could lead to further gains, while a drop below could trigger a rapid decline.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 35985.076 | 47992.538 | 60255.096 | 72262.558 | 84525.116 | 96532.578 | 108795.136 |
| Fibonacci | 47992.538 | 57263.686 | 62991.41 | 72262.558 | 81533.706 | 87261.43 | 96532.578 |
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