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Key Takeaways
- Schiff urges Bitcoin holders to sell above $90,000.
- Economist remains bullish on precious metals despite volatility.
- Schiff accused Wikipedia of publishing false and defamatory claims on his biography page.
A well-known investor has again put forward a bullish outlook for Bitcoin, predicting a sharp rally to new highs as prices gained momentum during the Christmas period, even as analysts warn that broader market pressures remain in place.
On Monday, Bitcoin briefly climbed above the $90,000 level after weeks of volatility, renewing debate over whether BTC can extend its gains into year-end.
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Bitcoin Price Prediction
Investor Mike Alfred stated in a social media post on X that Bitcoin could surge rapidly once it decisively clears key resistance levels.
“$89,700. Tick tock. Break $90,000, and there is little resistance until $126,000,” Alfred wrote, suggesting a swift move higher if buying pressure accelerates.
The comment comes as Bitcoin attempts to stabilize following a broad market pullback that weighed on the market through much of the fourth quarter.
Alfred has repeatedly made optimistic forecasts for Bitcoin’s long-term trajectory.
Earlier this year, he said Bitcoin could climb to between $150,000 and $200,000, describing it as the strongest long-term asset in global markets.
Speaking on Natalie Brunell’s podcast in November, Alfred argued that certain Bitcoin-linked equities could deliver five- to ten-fold gains if his price targets are achieved.
He has also described Bitcoin as “the most de-risked large-scale asset in history,” noting that even non-specialist retail investors in his family hold Bitcoin rather than traditional equities.
“False Narratives”
In a separate post, Alfred said broader macroeconomic and political factors had delayed what he believes is Bitcoin’s critical growth phase.
“Chatting with a big investor today and there seems to be an evolving consensus that 2025 was an incomplete year that left a lot of meat on the bone for 2026,” he wrote.
He cited what he described as “false” AI narratives, an overly political Federal Reserve, and the threat of government shutdowns as factors that pushed the market’s “crux year” back by one.
Analysts Strike a More Cautious Tone
Not all market observers share Alfred’s near-term optimism.
Farzam Ehsani, co-founder and Chief Executive Officer of crypto exchange VALR, said the crypto market is closing the year under significant pressure due to weak seasonal trends and a shift toward lower-risk assets.
“The end of this year remains one of the more challenging periods for cryptocurrencies in recent years,” Ehsani said.
However, he added that Bitcoin could reach a new all-time high in the first quarter of 2026, noting that traders often adopt a wait-and-see approach as markets search for new growth drivers and opportunities.
Meanwhile, on-chain data presents a mixed picture.
CCN analyst Victor Olanrewaju said metrics tracking short-term holders suggest selling pressure may be easing, but warned that Bitcoin could continue consolidating until buying volume clearly overtakes selling activity.
“There is a chance that BTC’s price might close in on a new high next year,” he wrote. “However, if selling pressure intensifies, Bitcoin may struggle to surpass the $104,000 level.”
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