Why The Bitcoin Price Won’t Hit $100,000 Again This Year
Bitcoin’s return to $100,000 is still a popular target across the market for 2026, but one bearish outlook argues that the move is becoming less realistic with the price action weakening below the $80,000 price level. This bearish outlook came from a crypto analyst known as Alex Mason on the social media platform X, who predicted that Bitcoin will not hit the $100,000 price level again this year because its price action is in a controlled trap inside an ascending channel. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn Bitcoin’s Ascending Channel May Have Been A Trap Bitcoin has not traded above $100,000 in 2026 and with the calendar now almost in the middle of the year, the time frame for a recovery above six figures is shrinking fast. The price action over the past two months has instead been defined by an ascending channel, with Bitcoin forming gradual higher highs and higher lows from its February low just above $60,000. The upper boundary has acte