Grayscale analysts believe that Bitcoin price can reach a new all-time high in the first half of 2026, even though current conditions feel uncomfortable. Bitcoin price has just dumped to $86,000, sentiment is deeply negative, and fear has stretched into the longest fear streak on record.
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However, Grayscale latest research argues that institutional demand and improving US regulatory clarity are quietly reshaping the mid-long term outlook for Bitcoin price action.
At the moment, Bitcoin price looks weak on the surface. Oversold indicators are flashing at levels last seen at the exact bottom of the 2019 bear market. It doesn’t guarantee an immediate rebound, but it does show us that the market is stretched. Grayscale views this phase as transitional, especially when viewed on higher Bitcoin time frames.
2026 = new ATH potential, end of the 4-year cycle, and deeper integration of public blockchains into global finance.
Buckle up.
— Grayscale (@Grayscale) December 15, 2025
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Grayscale Perspective and Political Influences in the Bitcoin Price Cycle
According to Grayscale analysts, our four-year Bitcoin price cycle may no longer apply in the same way. Spot ETPs and growing institutional exposure have changed liquidity behavior, allowing trends to develop more gradually. This helps explain why Bitcoin price could make new highs in 2026 without the explosive, euphoric blow-offs seen in earlier cycles.
The political and macro commentary is also feeding into the same exact narrative. El Salvador President Nayib Bukele and his questioning why governments collect taxes if they can print unlimited money, once again reinforces Bitcoin’s value proposition as a scarce asset, a hedge tool against inflation.
If they can print unlimited amounts of money, why would they need taxes for?” Bukele on Taxes
At the same time, the US President Donald Trump said he would review a possible pardon for the CEO of privacy-focused Samourai Wallet, bringing renewed attention to financial privacy and decentralization.
JUST IN: President Trump says he will consider a pardon for the CEO of privacy-focused Bitcoin wallet Samourai.
"I've heard about it, I'll look at it. Let's take a look at it." pic.twitter.com/WfpLPYOlfj
— Bitcoin Magazine (@BitcoinMagazine) December 15, 2025
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Bitcoin Price Macro Levels Matter More Than Emotion
Despite these long-term positives, the near-term structure is kinda clear. As long as the Bitcoin price remains below the $104,000 level, nothing happening should be mistaken for a true trend reversal.
Why? Moves below that zone are corrective by nature. Squeezes, relief rallies, and short-term bounces often create more illusion than substance. Only a clean weekly close above $104K would meaningfully shift the outlook.
The most important area right now is the macro support zone at the bottom of the range. This $70,000 level is what keeps the weekly and monthly Bitcoin price trend intact. If this area fails, the entire scenario changes, and far more defensive positioning would be our next expectation.
(source – Bitcoin Price Chart, TradingView)
But Grayscale Bitcoin projections emphasize patience over excitement. This is not a market to fall in love with pumps or panic during drops. The macro context requires discipline, clear level-based thinking, and respect for structure.
Trading, if done at all, makes more sense on lower time frames where risk can be controlled, and invalidations are obvious.
Fear is extreme, sentiment is heavy, and the Bitcoin price feels uncomfortable. Historically, that combination has mattered. Grayscale maintains that Bitcoin trends are only real when the market proves them. Don’t believe in a single green or red candle this time.
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Saylor’s MSTR Stock Hammered By Bitcoin Sell-Off: How Low Can Bitcoin Go?
The latest Bitcoin sell-off has once again reminded investors how tightly traditional equities tied to crypto can move with the BTC price. As Bitcoin crypto retraced from recent highs, Strategy shares followed almost tick for tick, wiping out weeks of gains in just days.
With BTC failing to hold key resistance levels and seasonal weakness approaching, traders are now asking a familiar but uncomfortable question. How low can Bitcoin go this time, and what does it mean for Strategy shares heading into year-end?
Read more here.
The post Crypto Market News Today, December 16: Grayscale Bitcoin Price Prediction as Bearish Price Clings | Fear but Oversold appeared first on 99Bitcoins.
