Last December, we shared our last update on bitcoin, in which we indicated that the correction was likely to continue towards the 60,000 to 70,000 zone. After several weeks of sideways movement around this price level, it is time for another update, as promised.

To be fully informed, we recommend reading back the previous article.

Click HERE for the article "Bitcoin: 2026; promising transition year and heading towards $175,000"

How has Bitcoin's price developed since December 2025?

Since the publication of our previous article, Bitcoin has largely followed the scenario outlined. After peaking around $126,000 in October 2025 and closing below $100,000 at the end of that year, the corrective phase continued in the first few months of 2026. The downward pressure continued for several months and reached a provisional low around $60,000 in February, effectively tapping the previously indicated correction zone.

From this zone, an initial recovery was visible in March, with Bitcoin rebounding toward around $70,500. With this, the price is still well below the earlier top, but the market appears to have formed a provisional bottom.

The recent correction is not isolated. As in previous phases, Bitcoin is largely moving with the broader risk sentiment in the financial markets. Weakness in technology and AI stocks, coupled with geopolitical tensions between the United States, Israel and Iran, caused investor caution. During periods of uncertainty, it is often precisely risky markets, such as crypto, that are the first to come under pressure.

What is currently the view of international analysts?

The division among analysts remains characteristic of the crypto market. In the short term, caution prevails, with many analysts pointing to the fragility of the current recovery and the influence of macroeconomic factors such as interest rate expectations and geopolitical developments.

At the same time, the medium- to long-term outlook remains mostly positive. Structural demand for Bitcoin, driven in part by institutional adoption and the role of ETFs, provides a solid foundation for further growth, according to many analysts. The average price target for 2026 is still around $150,000, although this path is seen as volatile and phased.

Conclusion

Bitcoin's price development in recent months confirms that the market is currently in a corrective phase. The scenario outlined earlier has largely materialized, with the zone around $60,000 acting as important support and an initial recovery has begun.

For the short term, caution remains in order. Although the recovery towards higher levels may continue, we believe there is a real chance that the market will make a final downward move before a sustainable bottom is formed. This very phase is characterized by increased volatility and changing sentiment.

For the medium and long term, however, the outlook remains positive. Once the correction is fully completed and the market stabilizes, we expect the foundation to be laid for a new upward phase. The first station in this recovery phase, as far as we are concerned, is around $100,000, which we are using as an initial price target after the completion of the current correction.

From that point, we see room for a further rise towards higher levels, with an unchanged multi-year price target of $175,000. As usual with Bitcoin, the path to this will be accompanied by intermediate fluctuations.

Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.