Bitcoin (BTC) has recently experienced a period of high volatility, characterized by sharp retracements that have neutralized its year-to-date gains for 2026. Following the historic performance of 2025, where Bitcoin reached a record high of $126,000, market sentiment has shifted from aggressive accumulation to cautious observation.
On-chain data points to strong selling pressure, creating challenges for the broader crypto market. While institutional interest remains a key factor, the big question for investors is what will trigger a trend reversal. Many are watching closely, wondering when Bitcoin will surpass its previous high and spark the next major rally in 2026.
Bitcoin’s Bull Run Hits a Wall: 2026 Gains Wipes Out
The start of 2026 has been anything but stable. Markets are feeling the strain from rising geopolitical tensions, fueled by Donald Trump’s controversial decision as US president to propose the purchase of Greenland.
At the same time, expectations of continued interest rate cuts are putting added pressure on the dollar, signaling a prolonged period of a weaker USD. This combination of factors has sent markets into chaos, with Bitcoin struggling to gain traction.
According to a recent post by Walter Bloomberg on X, Bitcoin has erased all of its 2026 gains, leaving investors uncertain about when the cryptocurrency might recover. Bloomberg also highlighted that nearly $490 million has flowed out of US-listed Bitcoin ETFs, further underscoring the volatility and uncertainty gripping the markets.
According to our expert’s technical and price analysis, Bitcoin is projected to initiate a significant recovery rally around February 2026. The analysts predict Bitcoin may hit as high as $115K by the end of that month.
Also Read: Dogecoin (DOGE) Faces 7% Weekly Crash: Time to Buy the Dip?
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
