Analyst: Bitcoin may rise to $170,000 within three months

Jinse Finance reported that as 2025 draws to a close, the outlook for bitcoin and the entire crypto market remains at best cautiously optimistic. However, some analysts predict that investors may see a bullish turn in 2026. After bitcoin hit a high of $126,080 on October 6 and underwent a period of sustained sell-off, it stabilized around $84,000 on November 22, indicating that the persistent selling pressure may have ended. The Relative Strength Index (RSI), which measures asset momentum, had previously fallen below the oversold level of 30. Since 2023, this situation has occurred five times, and each time, bitcoin subsequently showed a bullish trend. According to Julien Bittel, Head of Macro Research at Global Macro Investor, if history repeats itself, this pattern suggests that bitcoin could rise to $170,000 in less than three months. Matt Hougan, Chief Investment Officer at Bitwise, stated that the development trajectory of crypto ETFs is "extremely optimistic," with some major brokerages starting to enter the market. He expects 2026 to be a record year for crypto ETF inflows.