As the end of 2025 approaches, Bitcoin (BTC) has still not achieved full bullish momentum and continues to trade below $100,000.
While analysts typically expect 2026 to see an upward trend, Galaxy Digital’s Alex Thorn said 2026 could be one of the most difficult years for Bitcoin to predict.
In a post on his X account, Alex Thorn claimed that the coming year will be unpredictably chaotic due to a mix of macroeconomic uncertainty, political risk, and volatile cryptocurrency market dynamics.
Thorn said that Bitcoin’s current situation represents a deep downtrend, adding that BTC is struggling to achieve sustained upward momentum.
At this point, the analyst said downside risk will persist unless Bitcoin definitively and clearly trades above the $100,000-$105,000 range.
He also noted that the options market portends uncertainty for Bitcoin. According to options data, the probability of very different developments for the Bitcoin price next year is considered approximately equal.
The analyst said: “Investors assign almost equal probabilities that Bitcoin will reach prices around $70,000 or $130,000 in mid-2026 and around $50,000 or $250,000 by the end of the year. »
However, the Galaxy Research analyst also highlighted that the upward trend is expected to continue in the medium to long term due to increasing structural maturity and institutional adoption.
At this point, the analyst added that he predicts Bitcoin could reach $250,000 by the end of 2027.
*This does not constitute investment advice.
