Related News Eric Jackson: “Bitcoin Could Reach $100,000 by the End of This Year” – His Long-Term Target Is $50 Million
The analyst also emphasized that this process might be a development unfolding over years rather than a sudden break. Farrell likened the monetary devaluation to a “slowly melting ice cube,” suggesting that in the long term, rare assets could come to the forefront during periods of dollar devaluation. He also considered Bitcoin’s more limited pullback during the recent bear market, compared to previous cycles, as a possible sign of this structural change.
“Bitcoin Could Still Surpass $100,000 in 2026”
Farrell does not rule out the possibility of a correction in Bitcoin in the short term. However, he believes that if Bitcoin falls by about 10 percent from current levels, strong buyers could re-emerge in the market. He stated that he had a target of $115,000 for Bitcoin at the beginning of the year, but he no longer expects this level to be seen in 2026. However, he believes that $100,000 could be surpassed.
Farrell also touched upon Bitcoin’s technical outlook, noting that the price rising above the 200-day moving average after remaining below it for an extended period is historically a positive signal. According to the analyst, a more significant development was Bitcoin’s clear break above the 50-week moving average a few weeks ago. Farrell believes this move could signal a shift in the long-term market regime and open the door for new capital inflows into Bitcoin from trend-following investment strategies.
Another development closely watched by the Fundstrat executive is the US Treasury’s next quarterly funding announcement. Farrell stated that if the Treasury reduces or becomes more aggressive in issuing 10- to 30-year bonds in the coming period, it could become a “very strong” catalyst for Bitcoin.
*This is not investment advice.
