Bitcoin, that digital enigma wrapped in a blockchain riddle, has been doing its best impression of a rollercoaster thatâs lost its wheels. Last week, it briefly flirted with $94,000, giving investors a fleeting moment of hope before plummeting back to reality. As of today, itâs sulking below $80,000, like a teenager whoâs just been told they canât have the car keys.
But fear not, dear reader, for the crypto prophets are still preaching the gospel of long-term gains. Yes, while the short-term outlook is as bearish as a grizzly in a bad mood, some analysts are still betting their virtual chips on Bitcoinâs future.
Bitcoinâs Price Outlook: $180K or Bust? đ°
Enter ibrahimcosar, one of CryptoQuantâs QuickTake contributors, whoâs been crunching numbers like a mathematician on a caffeine binge. In his latest analysis, heâs doubled down on his prediction that Bitcoin could hit $180,000 by 2026. Thatâs right, folks, weâre talking about a number so big it makes your eyes water.
According to Ibrahim, Bitcoinâs price movements are following a pattern as predictable as a soap opera plotline. Heâs pointing to historical price cycles and institutional projections that seem to align with his crystal ball gazing. And letâs not forget, major financial institutions are now jumping on the bandwagon, which is either a sign of validation or a collective case of FOMO.
So, if youâre sitting on the sidelines, wondering whether to dive in, Ibrahimâs got some advice: buy now, and you could be laughing all the way to the bank by 2026. But remember, timing is everything. Buy at the wrong moment, and you might as well be throwing your money into a black hole.
Buy the Dip? đ
Meanwhile, in the short-term trenches, Bitcoinâs price is still doing the cha-cha. Another CryptoQuant analyst, BilalHuseynov, has been keeping an eye on open interest (OI) trends, which might just be the crystal ball we need to spot the next buying opportunity.
According to Bilal, the 7-day change in open interest has entered a âdeleveragingâ phase, which is analyst-speak for âtime to buy.â The last time this happened was in August 2024, when Bitcoin was trading between $58,000 and $60,000 before skyrocketing to an all-time high of $106K. So, if history repeats itself, we might be in for a similar ride.
When the OI ratioâs change for 7 days down to the section, that means we can define the time to buy. Since August 2024, we have been observing one of the deepest areas in the Crypto Market. To remember, at this time (2024 Aug), Bitcoinâs price was around 58 â 60k. After that, the price goes up to ~106k.
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2025-03-11 05:48