#CryptoMarketWatch Bitcoin Price Forecast: A Historic Trap? $122K Before Dropping to $60K in 2026

Introduction

Bitcoin, the world's leading cryptocurrency, has once again captured the attention of traders and investors. According to a recent analysis, Bitcoin is approaching the final stage of its bullish cycle, with a projected peak of $122,069 before a significant decline to $60,000 in 2026. This prediction is based on historical trends, Fibonacci extensions, and long-term price movements.

In this article, we will break down the key aspects of this forecast, exploring what it means for Bitcoin holders and potential investors.

The Final Stage of the Bullish Cycle

Bitcoin follows a cyclical pattern of bull and bear markets, largely influenced by factors such as:

Halving cycles (every four years)

Market sentiment and institutional adoption

Global economic conditions

The current bullish cycle, which started in 2020, is believed to be nearing its peak. According to technical analysis, the best price to sell Bitcoin could be around $122,000, which aligns with the 1.618 Fibonacci extension level and the long-term trendline (2017-2021-2025).

Why $122,000 is a Key Price Level

Technical analysts often use Fibonacci retracement and extension levels to predict potential price targets. The 1.618 Fibonacci extension is a widely used indicator in crypto and stock markets, suggesting a strong resistance level where prices might struggle to go higher.

Additionally, Bitcoin’s price history shows a

If history repeats, the $122,000 mark could serve as the ideal exit point before the next downturn.

The Bear Market of 2025/2026

While Bitcoin's long-term outlook remains bullish, analysts warn that a bear market could follow, with prices potentially falling to $60,000 by 2026. This aligns with past cycles, where Bitcoin experienced an 80%+ correction after reaching peak levels.

Reasons for a Possible Price Drop

Profit-taking by large investors and institutions

Regulatory changes and macroeconomic factors

Reduced market liquidity after the hype fades.