On Tuesday, Bitcoin (BTC) saw a significant increase, approaching its nearest resistance level at $94,000, a barrier that has so far prevented the cryptocurrency from returning to key levels, including the coveted $100,000 mark. Despite this, experts remain optimistic about a new high for Bitcoin during the year.
Bitcoin’s possible return to $100,000
Nic Puckrin, digital asset analyst and founder of Coin Bureau, commented on the recent price movement, he raised that the uptick is likely a response from investors rebalancing their portfolios after last year’s big sell-off, rather than an indication of a fundamental change.
“Bitcoin’s jump that we’re seeing this week is likely to be a move by investors rather than something that indicates a major change in trend,” Puckrin explained.
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Currently, Bitcoin has struggled to maintain momentum after shedding the $94,700 resistance level. Puckrin warns that failure to break through this barrier could lead to a decline in value. However, if BTC breaking this resistance, he believes that a retracement to the $100,000 level could be achieved.
Looking ahead, Puckrin expects another highest in 2026although he advises caution about the extent of that potential increase. “In the long term, I expect to see another high this year, but it won’t be as dramatic as some are predicting, and the possibility of a move back into bear territory remains real,” he added.
Critical Level of Resistance
In contrast to this optimism, some analysts expressed doubts about Bitcoin’s immediate prospects. Vince Stanzione, CEO and founder of First Information, maintains a bearish viewarguing that the risk-reward ratio at current prices is not attractive.
Stanzione examines Bitcoin against gold rather than the dollar, asserting that Bitcoin has more ground to cover. “I was negative on Bitcoin for the entire year of 2025, and I still hold that view for 2026,” he said.
He pointed out that while the leading cryptocurrency in the market has experienced a decline of about 6% by the end of 2025, gold has increased by 66%, resulting in a large imbalance in performance.
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Stanzione believes that gold will continue to outperform Bitcoin this year, predicting that the digital asset will close the year at a lower price. “There are no strong reasons to buy Bitcoin at the current level of $92,000,” he said.
Meanwhile, market analyst Ali Martinez highlighted Bitcoin’s key price level in the short term, said on social media platform X (formerly Twitter) that $94,555 is “bullish” for the cryptocurrency.
If Bitcoin crosses this level, Martinez indicated that the next target would be $105,291, which represents an increase of about 12%. The move will significantly reduce the gap to an all-time high of more than $126,000 reached last October.
Featured image from DALL-E, chart from TradingView.com
