Franklin Templeton says its base-case scenario sees Bitcoin moving back above $100,000 in 2026. The firm cites healthy deleveraging, institutional demand, and clearer U.S. regulation as key drivers, while warning that the path higher could remain volatile and uneven.
Bitwise research head Ryan Rasmussen reveals institutional focus shifting from skepticism to XRP and tokenization, with questions tripling in recent meetings. CIO Matt Hougan notes 'night and day' environment as Goldman Sachs expands tokenization efforts. SEC and CFTC classify XRP as digital commodity, paving way for capital inflows.
Bitcoin at $74,025. CryptoQuant says MVRV Z-score hasn't bottomed (target $55k-60k). Michaël van de Poppe argues sigma correction is complete, expecting 100-140% gain in 12 months. James Lavish cites US debt math for $125k year-end. Market remains deeply divided.
Bitcoin trades near $74,025 as analysts split sharply on whether the bear market has ended. Bears cite MVRV Z-score history for more downside, while bulls point to sigma-cycle analysis and macro liquidity as signs the correction may be over.
CryptoQuant says the bottom isn’t in as MVRV Z-score stays positive at 0.5, while van de Poppe’s sigma model argues the bear’s proportional debt is paid. Wall Street veteran Lavish adds U.S. debt math guarantees more liquidity. Bitcoin trades at $74,025 amid deep divergence.
