Grayscale, Galaxy, Bitwise and 21Shares offer starkly different Bitcoin forecasts for 2026, challenging the classic four-year cycle narrative.
2026 could mark the clearest break yet from everything investors thought they understood about Bitcoin cycles.
For more than a decade, markets have leaned on the four-year halving model to predict peaks, crashes and recoveries.
Under that framework, 2025 should have marked the top, with 2026 shaping up as a painful down year. But a growing number of analysts now say that model is no longer reliable, and the next phase of crypto may look very different.
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