"Bitcoin could correct up to 31% from its peak… $150,000 forecast by the end of next year"
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- Bitcoin (BTC) could see further correction if it closes below the 50-week moving average ($103,010).
- McKenna identified price correction levels at $96,200, $93,300, and $86,000, saying a maximum decline of about 31% from the peak is possible.
- In the mid-to-long term, Bitcoin is expected to likely trade above $150,000 in the second half of 2026.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Bitcoin (BTC) could enter a further corrective phase if it closes below the 50-week moving average (SMA, $103,010).
On the 14th, McKenna, managing partner at Arete Capital, said on X (formerly Twitter), "The key downside verification levels for Bitcoin are $96,200, $93,300, $91,000~$86,000." He added, "If the correction continues, prices could move toward these levels."
Regarding the possibility of a short-term sharp decline, McKenna said, "A drop to $93,300 would be about a 26% correction from the peak, and a slide to the $91,000~$86,000 range would correspond to about a 31% decline." He explained, "This is a traditional correction magnitude that has often appeared in past cycles."
However, he assessed the mid-to-long-term outlook as optimistic. McKenna said, "The likelihood of breaking the all-time high (ATH) within this year looks low, but Bitcoin is likely to trade above $150,000 in the second half of 2026." He added, "We could even see a break above $200,000 by the end of President Trump's term," and projected, "Institutional adoption will continue, and net purchases of Bitcoin ETFs will also continue."
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