TLDR:
- Analysts predict an imminent retest of the yearly open at $87,500.
- A “death cross” forming on the weekly chart clouds the short-term outlook.
- Technical signals suggest no new all-time highs until 2027.
An intense battle for trend control is currently unfolding in the cryptocurrency market. Bullish attempts to hold key support levels have been insufficient; new analyses suggest that the Bitcoin price for 2026 faces a path filled with obstacles that could hinder any new all-time highs until 2027.
Keith Alan, co-founder of Material Indicators, noted that the pioneer cryptocurrency is now in a “tug-of-war” between buyers and sellers. According to monitoring tool data, while bulls are attempting to defend the $92,000 level, whales appear to be seeking a much lower support test, specifically near the yearly open of $87,500.
The “Death Cross” and BTC’s Technical Challenges
Technical analysis reveals a major red flag: a “death cross” is forming on the weekly chart toward the middle of the month. This pattern typically precedes periods of weakness, reinforcing the theory that the current momentum for the Bitcoin price for 2026 could soon lose steam.
While there is a possibility of a “golden cross” on the daily chart (between the 21-day and 50-day moving averages) sparking a temporary rally, the long-term outlook remains cautious. The firm’s proprietary trading indicators show multiple “short” signals, making it unlikely for the asset to surpass its previous records in the coming months.
Bitcoin would need a weekly close above the 50-week moving average, currently at $101,500, and maintain RSI levels above 41 for the outlook to shift radically. In the meantime, both Bitcoin and Ether sit at critical inflection points.
The research conclusion is clear: unless a significant technical invalidation occurs in the next six months, the Bitcoin price for 2026 will move within a range of consolidation or correction, leaving the euphoria of new highs for 2027.
