Was $126k The TOP For Bitcoin?! Here's What Comes Next!

"While the short-term picture looks a bit tired, the onchain story paints a very different and frankly much more bullish picture. And it all starts with supply, or rather lack of it. The total balance of Bitcoin on centralized exchanges has fallen to just 2.83 million BTC, the lowest level since June 2019. And this creates an intense supply crunch, which could fuel the next leg higher."

"The Wall Street consensus average sits at around $156,000 for year end of 2025."

"Standard Charted has been one of the most aggressive, reaffirming their year-end 2025 price target of $200,000."

"Their analysts estimate Bitcoin could climb to $165,000 based on a volatility adjusted comparison with gold."

"Firms like Vanic and Bitwise echo this sentiment with targets ranging from $180,000 to over $200,000."

"If that pattern were to repeat, it would point to a potential cycle peak sometime between the end of 2025 and the first quarter of 2026."

"A moderate correction of 15 to 25% however is a much higher probability scenario given the extreme leverage in the system a flush out of this magnitude could easily be triggered by some negative macro news or a geopolitical headline."

"The most likely scenario in our view is a continued volatile uptrend through the end of the year and into early 2026."