Bitcoin began the new year with renewed momentum as market signals strengthened and policy shifts aligned across major financial sectors. The asset continued to hold above key support levels, and broader onchain expansion pushed sentiment higher across digital markets. Analysts signaled that Bitcoin may soon approach a new peak as structural demand expanded.
Bitcoin gained traction as Miller Value Partners’ chief investment officer Bill Miller IV pointed to firmer technical conditions across the market. The executive said the asset built a stronger base than it did in the fall of 2025, and he emphasized the importance of improving policy clarity in the United States. Moreover, he highlighted that Wall Street platforms continued to adopt blockchain systems as firms advanced their onchain infrastructure.
Bitcoin also held its position despite a sharp pullback from the 2025 record, and analysts noted that the asset still traded higher in early 2026. Market data showed Bitcoin at $93,750, and the level placed it above its January open. Yet the current price remained below the October 2025 high, although chart patterns continued to support a potential rally.
Bitcoin also regained interest after volatility eased following last year’s decline, and Miller described the 2025 drop as minor within the asset’s long-term history. He said the crypto market reset leverage after a major October shock, and he pointed to continued product development onchain. The setup, he explained, appeared favorable for a renewed push toward a new all-time high.
Bitcoin forecasts widened this year as several firms provided broad scenarios for possible outcomes. Dragonfly Capital projected a level above $150,000 by year-end, and it suggested that Bitcoin’s market share could shift as other assets gained traction. Galaxy Digital refrained from making a fixed call and instead outlined a potential range between $50,000 and $250,000.
Bitcoin also benefited from macro themes that Miller described as long-running, including a trend of disinflation through economic history. He said the asset served as exposure to those structural patterns and that recent shifts placed the market at a key point. These comments reinforced the view that Bitcoin could outperform if favorable conditions persisted across global markets.
Bitcoin sentiment improved further as Miller pointed to the performance of Strategy, the public company known for holding significant crypto reserves. He said the firm traded near its net asset value and that its structure allowed leveraged exposure to Bitcoin’s price movements. Moreover, he stated that the stock’s recent weakness created an opportunity if the digital asset market turned upward.
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