Bitcoin's value hitting 1 / 4 of one million dollars this yr could spell more trouble than its value, in response to a macro analyst.
“One of the worst things that may occur is that Bitcoin shoots to $250,000 and the S&P shoots to $8,000 inside three months,” macro analyst and investor Mel Mattison told crypto entrepreneur Anthony Pompliano in an interview posted to YouTube on Friday.
“And then you definitely get this exploding top and everyone seems to be rushing to the exits to take profits and it starts happening,” Mattison said.
An increase in Bitcoin (BTC) to $250,000 would represent a rise of around 142% from the present price of $102,870, in response to CoinMarketCap.
Bitcoin has “healthy rotations,” says Mattison
This comes just days after Bitcoin fell below $100,000 for the primary time in 4 months on November 4th. Mattison said: “We have healthy rotations, healthy movements and are attending to some very interesting points in a number of the channels that I'm watching.”
Bitcoin is down 16.39% within the last 30 days. Source: CoinMarketCap
Just a month earlier, BitMEX co-founder Arthur Hayes and BitMine Chairman Tom Lee reiterated their bullish outlook for Bitcoin, noting that despite the tightening time-frame, Bitcoin could reach $250,000 before the top of the yr.
November has historically been the perfect performing month for Bitcoin on average, with a mean return of 42%. According to CoinGlass, at the present Bitcoin price of $103,000, this might mean that the asset would reach $145,000 by the top of the month if the typical stays the identical.
The Bitcoin bear market in 2026 is up for debate within the industry
That could be consistent with Canary Capital CEO Steven McClurg's prediction that Bitcoin will rise to $140,000 to $150,000 by the top of this yr before entering a bear market in 2026.
However, not everyone agrees with the pessimistic outlook for 2026.
Mattison said Bitcoin could reach $150,000 for the primary time in February 2026.
Bitwise CIO Matt Hougan recently predicted that 2026 will probably be one other “up yr” for Bitcoin, contradicting the standard four-year cycle narrative.
Meanwhile, Galaxy Digital CEO Mike Novogratz said in late October that the planets would should almost align for Bitcoin to achieve $250,000 by the top of the yr.
