Overview
- Market strategists from Julius Baer, Scope Market and others describe consolidation as the central 2026 case, with $100,000 expected to act as a key level.
- Easier financial conditions, a weaker dollar and sustained ETF inflows are cited as prerequisites for a renewed advance toward or beyond prior highs.
- Scenario ranges span $140,000–$160,000 in favorable conditions, with Julius Baer putting a bullish ceiling near $150,000 and a downside case below $80,000.
- Analysts say the US spot ETF era has drawn regulated institutions such as BlackRock and Fidelity into the market, reshaping liquidity and demand.
- 10x Research reports a convergence of options positioning, compressed volatility and technical exhaustion into record expiries that could precede a larger move.