A renowned crypto strategist believes Bitcoin could follow a “higher for longer” trajectory this market cycle, with a delayed bull run expected to begin in 2026.
Pseudonymous analyst JACK, with over 268,200 followers on social media platform X, suggests that Bitcoin is unlikely to hit a new all-time high this year due to uncertain global market conditions exacerbated by former U.S. President DONALD TRUMP‘s trade policies.
JACK shared a chart indicating Bitcoin could establish a durable bottom between $66,000 and $80,000 for the remainder of the year before initiating a significant upward trend in 2026. The chart projects Bitcoin potentially reaching $297,000 by November 2026.
“Trump’s policies clearly signal contraction for now,” JACK stated. “But in a world of reduced globalization and trust, Bitcoin emerges as a resilient asset, akin to a ball held underwater. This mirrors the short bear market observed in 2013.”
One catalyst for Bitcoin’s potential surge, according to JACK, is a capital rotation from gold to Bitcoin. The analyst argued that Bitcoin’s inherent advantages as a safe-haven asset, such as its portability and lack of “paper gold” issues, make it a superior alternative.
“What if gold’s current trading behavior reflects a scramble to redeem paper for physical gold, which is scarce, exposing the true dilution of its value?” JACK questioned. “Bitcoin doesn’t face this problem and will rally once investors recognize its superiority for trade due to this unique property.”
At the time of writing, Bitcoin is trading at $84,244.
Generated Image: Midjourney
Sources: X