Jan 15, 2026
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Bitcoin Could Surge to $100,000 Before Falling to $57,000 in 2026
Bitcoin's recovery above $94,000 raises questions about whether this marks a continuation of a bull cycle or a final rally before a reset. Technical analysis by Xanrox on TradingView suggests that despite current bullish trends, the price might eventually fall.
Elliott Wave Analysis
- Bitcoin has completed a five-impulse wave since early 2023, peaking above $126,000 in October 2025.
- The current phase is a corrective wave A, with potential for Bitcoin to rise to $100,000-$103,000 before a larger decline.
Long-Term Projection
- Xanrox emphasizes a linear structure from 2017 to 2026, noting past cycles ended with deep corrections.
- A major correction could occur in 2026, potentially dropping Bitcoin to the sub-$60,000 range, with $57,000 as a key target.
- This would signify a 54% correction from the 2025 high.
- The introduction of Spot Bitcoin ETFs may provide stability against dramatic declines.
