The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
As market participants eye historic milestones, prediction data from Kalshi suggests that Bitcoin is unlikely to reach the $100,000 mark before the end of 2026. According to reports, increased selling pressure from both retail and institutional traders is hindering the upward momentum required to hit this psychological target. This persistent selling across major segments is currently acting as a significant barrier to the six-figure milestone that many had anticipated earlier in the year.
This cooling sentiment aligns with broader trends in the digital asset space, where leading cryptocurrencies have struggled to maintain peak valuations. Per market data, Ethereum (ETH) and other major altcoins have mirrored this cautious stance as risk appetite wanes. Furthermore, recent industry research from Glassnode indicates that spot ETF inflows have decelerated compared to the first quarter, providing context for the institutional selling pressure cited in recent market analysis.
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Sign InInvestors are now focused on key support levels as Bitcoin remains distanced from its annual highs. According to the economic calendar, upcoming macro catalysts such as US inflation data could serve as the next major driver for crypto liquidity. Traders should watch for price stability at the close of upcoming sessions to determine if the current sentiment shift will lead to a prolonged consolidation phase or a renewed attempt at higher resistance levels.
Update: Recent technical analysis from TradingView indicates that Bitcoin is facing stiff resistance at its upper trendline, stifling bullish momentum. If the currency continues to struggle with these resistance zones, market speculations suggest a potential slide toward support levels below $60,000.