Where Next for Bitcoin? The Bull and Bear Case

Bitcoin is currently caught in a high-stakes tug-of-war between technical gravity and a potential institutional "pain trade." After a sharp slide from its October 2025 peak of $126,210, Bitcoin has shed nearly 45% of its value, stabilizing around $68,500, per CoinGecko data. For many, the question is no longer if the market has changed, but where the new floor resides as the asset matures into a macro-sensitive heavyweight. Analysts are weighing two primary frameworks: a short-term technical rebound driv ...