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The founder of the analytical firm Coin Bureau, Nic Puckrin, stated that Bitcoin’s recovery remains fragile and may only become stable by the end of the year.
According to him, the cryptocurrency market is facing pressure from economic and political factors, particularly due to the ongoing conflict in the Middle East between Iran and the United States.
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“Even if the war were to end now, its repercussions are likely to be a major topic in 2026 and a dominant narrative in the second quarter. I do not anticipate a reduction in interest rates until the end of the third or fourth quarter, if it happens at all,” Puckrin remarked.
He suggested that Bitcoin’s price could reach $90,000 by the end of the fourth quarter; however, this would require a combination of several factors: de-escalation of the conflict and a decrease in oil prices to around $80 per barrel, which should alleviate concerns regarding stagflation.
The analyst estimated that Bitcoin stabilizing above $71,000 could signal a continuation of the upward trend. He identified the nearest resistance level at $74,000. Surpassing this mark could lay the groundwork for further growth in the longer term.
Previously, Arthur Hayes, co-founder of the cryptocurrency exchange BitMEX and investment director of the Maelstrom fund, suggested that the primary obstacle to Bitcoin’s growth is the lack of liquidity in the markets.
