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 
acted as resistance several times, while the green lower trendline has served 
as the main support keeping the recovery alive. However, that same channel is 
pointing to a bearish argument. An ascending channel can look bullish on the 
surface because price is moving higher, but it can also become a distribution 
structure when each push upward loses momentum. According to Mason, Bitcoin’s 
slow rise inside the channel has created fake strength, giving retail traders 
the impression that a breakout back to $100,000 is still building. The 
important moment that revealed the fake strength was the move into the $82,000 
CME gap. Bitcoin reached that CME gap in early May, completed the target, and 
then was rejected multiple times between May 6 and May 11. This was a textbook 
trap before the next leg down. Bitcoin Price Chart. Source: @AlexMasonCrypto 
On X Bitcoin’s Odds Of Hitting $100,000 In 2026 As shown in the chart above, 
Bitcoin is returning to the lower half of the channel, putting the green 
support line under pressure. If that support breaks, the structure would no 
longer look like a steady recovery and the beginning of a push to a new 
bottom. The first stage to a new bottom is a breakdown from the ascending 
channel. From there, the next target is around $70,000, followed by a deeper 
move to new lows at $60,000. The chart even extends the bearish path deeper, 
with a dotted projection moving down to as low as $50,000 by early July. 
Related Reading: Bitcoin Could Enter Freefall If This Level Cracks: Analyst A 
rally to $100,000 would require confidence, liquidity, and strong follow- 
through above resistance above $82,000. Bitcoin will also need to reclaim the 
200-day MA around this same level. According to prediction market Kalshi, 
there&#8217;s only a 32% probability that the Bitcoin price will break above 
$100,000 again before January 2027. Featured image from Unsplash, chart from 
TradingView

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 &#8230;

Why The Bitcoin Price Won’t Hit $100,000 Again This Year

Bitcoin&#8217;s market cap has dropped to roughly $1.46 trillion, pushing it below 
several major technology companies and commodities in global asset rankings. 
Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking 
Burn Gold Holds Top Spot As BTC Slides Gold remains the world&#8217;s most valuable 
asset at nearly $31 trillion, with Nvidia, Apple, Alphabet, Microsoft, Amazon, 
TSMC, Broadcom, Saudi Aramco, Tesla, and Meta Platforms all ranked above 
Bitcoin. The drop reflects mounting pressure on the cryptocurrency from 
multiple fronts — including rising inflation, geopolitical conflict, and 
weakening investor sentiment. Ki Young Ju, chief executive of crypto analytics 
firm CryptoQuant, now says the bear market could stretch into early 2027. His 
assessment is based on an on-chain profitability model that tracks how long 
investor losses typically drag on once profit-taking begins to unwind. Once 
profit-taking cascades, Bitcoin investors&#8217; PnL typically falls for about 18 
months. Since the trend turned in Oct 2025, the bear market could last until 
early 2027. The trend only changes when unrealized profits rise and realized 
profits fall. We&#8217;re not there yet. pic.twitter.com/fQyIRLu8vv — Ki Young Ju 
(@ki_young_ju) May 29, 2026 According to Ju, the decline in investor profits 
started in October 2025. He argues the trend has followed a roughly 18-month 
pattern seen in previous downturns, pointing to similar cycles in 2014, 2018, 
and 2022. Bear Market Clock Started In October 2025 The CryptoQuant PnL Index 
Signal — a chart that measures investor profitability using 365-day moving 
averages — shows the indicator rolling over after hitting a peak last year. Ju 
posted the chart on X, noting that a recovery will only be confirmed when 
unrealized profits rise while realized profits fall. That shift has not 
happened yet, he said. Bitcoin was trading near $73,289 at the time of the 
report, down slightly over a 24-hour period. Data from CoinGlass shows total 
open interest in the derivatives market fell to around $55 billion, while 
liquidations over the same period hit close to $224 million. Long Traders Take 
The Brunt Of The Damage Long positions bore the bulk of those losses. Over $30 
million in bullish bets were wiped out in 24 hours, compared to around $17 
million in short liquidations. Despite those figures, the long-short ratio on 
major exchanges including Binance and OKX still leans bullish. Related 
Reading: Bitcoin Could Enter Freefall If This Level Cracks: Analyst Broader 
macroeconomic conditions are adding to the pressure. US PCE inflation climbed 
to 3.8% year-over-year in April, and Fed rate hike odds have risen sharply in 
response. Reports indicate that tensions between the US and Iran have also 
rattled global markets, with risk sentiment across crypto continuing to 
weaken. Featured image from Pexels, chart from TradingView

Bitcoin&#8217;s market cap has dropped to roughly $1.46 trillion, pushing it below several major technology companies and commodities in global asset rankings. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn Gold Holds Top Spot As BTC Slides Gold remains the world&#8217;s most valuable asset at nearly $31 trillion, with Nvidia, Apple, &#8230;

Bitcoin Faces Prolonged Downtrend Through 2027, Analyst Warns

The draft deal could stabilize regional tensions, potentially lowering oil 
prices and enhancing global energy security through diplomatic means.
The post Draft US-Iran deal proposes reopening Hormuz, easing sanctions 
appeared first on Crypto Briefing.

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Draft US-Iran deal proposes reopening Hormuz, easing sanctions

The potential US-Iran nuclear agreement could stabilize regional tensions but 
hinges on diplomatic progress and market confidence.
The post Trump claims Iran agrees to nuclear restraint amid ongoing 
negotiations appeared first on Crypto Briefing.

The potential US-Iran nuclear agreement could stabilize regional tensions but hinges on diplomatic progress and market confidence. The post Trump claims Iran agrees to nuclear restraint amid ongoing negotiations appeared first on Crypto Briefing.

Trump claims Iran agrees to nuclear restraint amid ongoing negotiations

The rise of multi-agent AI systems in enterprises could disrupt traditional 
workflows, reducing reliance on middleware and reshaping industries.
The post OpenAI and Anthropic unveil multi-agent autonomous features for 
enterprise use appeared first on Crypto Briefing.

The rise of multi-agent AI systems in enterprises could disrupt traditional workflows, reducing reliance on middleware and reshaping industries. The post OpenAI and Anthropic unveil multi-agent autonomous features for enterprise use appeared first on Crypto Briefing.

OpenAI and Anthropic unveil multi-agent autonomous features for enterprise use

XRPL&#8217;s security-first approach may attract risk-averse investors, potentially 
reshaping DeFi by prioritizing safety over composability.
The post XRP Ledger proposal blocks flash loan attacks, enhancing DeFi 
security appeared first on Crypto Briefing.

XRPL&#8217;s security-first approach may attract risk-averse investors, potentially reshaping DeFi by prioritizing safety over composability. The post XRP Ledger proposal blocks flash loan attacks, enhancing DeFi security appeared first on Crypto Briefing.

Why The Bitcoin Price Won’t Hit $100,000 Again This Year

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