Bitcoin's price has been declining, trading below $80,000, despite briefly reaching $94,000. However, some analysts, including one from CryptoQuant, remain optimistic about Bitcoin's long-term growth potential. The analyst predicts that Bitcoin could reach $180,000 by 2026, based on historical price cycles and institutional projections. Another CryptoQuant analyst suggests that the current open interest trends indicate a potential buying opportunity, as seen in a similar situation in August 2024 when Bitcoin rallied to an all-time high of $106,000. While short-term price action remains uncertain, long-term projections for Bitcoin remain bullish.



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