Bitcoin Price Forecast: High-Level Profit-Taking Pressure Emerges for BTC, Can It Still Reach $100,000 This Year?

Bitcoin Price Trend Review

TradingKey - Bitcoin (BTC) has gone through several key stages of reshuffling and bottoming out this year. Overall, the trend in 2026 has presented a wave-like upward pattern, characterized by an opening high followed by a pullback, a deep mid-year shakeout, and a strong recovery in the second half of the year.

At the beginning of the year, Bitcoin extended its bullish momentum, touching a high close to $98,000 in mid-January. However, entering February, BTC prices quickly pulled back to around $60,000 to form a bottom. Subsequently, Bitcoin gradually rebounded and strengthened, rallying above $80,000 in early May. Moving into May and June, BTC experienced its sharpest technical correction of the year, with prices breaking below the key defense line of $60,000 in late June and briefly approaching $57,000, touching lows from September 2024.

Starting July 1, spot buying returned in force, and BTC quickly staged a V-shaped reversal, reclaiming $60,000 in one move. In mid-to-late August, Bitcoin prices experienced a vertical surge, reclaiming the $70,000 and $80,000 levels within a single week. In late September, BTC surged to a high of $87,000 before trading lower in a volatile pattern toward $80,000.