Bitcoin Could Test $99K Before a Year-End Rally, Analysts Say

Bitcoin’s price is consolidating just below a major resistance line on the daily chart. Analysts suggest this tight range could break soon.

CryptoQuant’s Head of Research Julio Moreno expects Bitcoin to trade between $87,000 and $99,000 in the short term, based on realized price metrics that track average on-chain cost basis.

Moreno notes that Bitcoin needs stronger demand to break out toward $138,000 later this year. If buying activity remains weak, a dip to $99,000 is more likely before any major rally.

He projects that the market cycle peak could extend into 2026, potentially reaching around $190,000. Historically, Bitcoin tends to perform strongly in the final quarter of bull years.

Analyst Ted Pillows adds that a massive new spending bill in 2025 might repeat the 2020 cycle, when similar fiscal stimulus sent Bitcoin to new highs.