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News
Aug 20, 2026
2min read
byDebashree Patra
forCoinpedia
<img src="https://xpertsstudio.com/wp-content/uploads/2026/08/<a href="https://xpertsstudio.com/why-are-bitcoin-ethereum-and-xrp-prices-up-today-news/” title=”Why are Bitcoin, Ethereum and XRP Prices Up Today? | News”>Bitcoin-Bulls-vs.-Bears-Why-BTC-Is-Consolidating-Despite-Massive-Institutional-Dumps-1.jpg” alt=”When Will Bitcoin Price Hit $100K Again?” loading=”lazy”>
Bitcoin jumped more than 8% to trade above $69,000 as Anthony Scaramucci said the upcoming halving in roughly 18–19 months and tighter supply could push BTC above $100,000, with institutional adoption cited as a supportive factor. Analysts view $74,000 as the key weekly bullish confirmation and Citibank projects a $189,000 2026 target, but risks persist from miners shifting hashpower to AI and capital flowing into the AI sector that could reduce crypto liquidity and leave a divided outlook with a possible $47,000 bear floor.
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Bitcoin jumped more than 8% in 24 hours, climbing above $69,000 for the first time since June. Anthony Scaramucci in a recent CNBC interviewsaid, the upcoming halving cycle and tighter supply as key factors that could push BTC back above $100,000.
Why Bitcoin Has Stayed Stuck
Scaramucci pointed to three factors behind Bitcoin’s muted price action. First, some Bitcoin miners have shifted computing power toward AI-related activities, affecting the network’s hash rate and reducing volatility.
Second, capital has moved away from crypto and into the booming AI sector. This has reduced liquidity flowing into Bitcoin and other digital assets.
The third factor is the traditional four-year Bitcoin cycle. Scaramucci noted that the market is now more than two years into the cycle, with roughly 18–19 months remaining until the next halving.
John Darsie, CEO of SALT says Bitcoin’s holder base is maturing, with early investors selling while institutions, advisers, family offices, and sovereign funds increase their BTC holdings. This shift could reduce volatility and strengthen Bitcoin as a store of value.
“We’re Still Bulls on Bitcoin”
Despite the prolonged sideways movement, Scaramucci remains firmly bullish. He expects the next halving to reduce the new supply of Bitcoin entering the market, potentially creating a supply squeeze.
His view is that as the halving approaches and fewer new coins are produced, demand could begin having a greater impact on price.
“You’ll see the thing move back up over $100,000,” Scaramucci said.
Bitcoin Price Outlook
Crypto analyst Ted’s view is that $74,000 is the key level for Bitcoin right now. If BTC can reclaim and hold above $74K on the weekly timeframe, he believes the chances of Bitcoin falling below $55,000 become very low. In short, $74K is the key bullish confirmation level, while losing that level would keep the risk of a deeper correction alive.
On the other side, Citibank reporteda $189,000 Bitcoin target for 2026, adding to the bullish institutional narrative.
Gemini co-founder Cameron Winklevoss described the AI-driven capital shift as giving investors a Bitcoin “time machine,” arguing that BTC around $65,000 offers an opportunity to buy at prices last seen before its move toward $126,080.
However, the outlook remains divided. While Scaramucci expects the next supply tightening to support a move above $100K, some analysts still see $47,000 as a possible bear-market bottom.
Source: cryptorank.io