Bitcoin has experienced a correction after surpassing $100,000, dropping to $96,000 and causing liquidations of over $1.6 billion. Despite this, analysts are optimistic about Bitcoin's long-term outlook, predicting a potential peak of $400,000 by 2026. The bullish cycle of Bitcoin is supported by historical patterns and key technical indicators, such as the 50-week moving average, which has acted as a strong support level in previous bull cycles. Bitcoin's price movements also show cyclical symmetry, suggesting a potential peak between December 2025 and January 2026. The 1W Relative Strength Index (RSI) further supports this optimistic outlook. However, concerns have been raised about Google's quantum computing chip and its implications for Bitcoin's encryption. Caution also remains due to upcoming economic data releases and the Federal Reserve's interest rate outlook. Bitcoin's ability to hold key support levels will be crucial in the short term.



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