BitMine CEO Tom Lee shared his forecast regarding Bitcoin's price and the state of the crypto market in 2026. In his view, a brief bearish trend may occur next year; however, this does not negate the overall bullish sentiment among investors. Lee places special emphasis on the key $100,000 level: if Bitcoin can surpass it, the classic four-year cycle may cease to apply.
Tom Lee's 2026 Forecast
Tom Lee notes that despite a possible correction and short-term decline, bullish sentiment in the market will persist. He highlights the $100,000 level as an important milestone, the breakthrough of which could change the usual patterns of Bitcoin's movement. This means that traditional cycles, which many traders rely on, may become irrelevant, requiring a careful approach to market analysis.
Current Crypto Market Situation
The crypto market shows signs of revival after mass liquidations of traders' positions on October 10-11; however, losses have not yet been fully recovered. The market remains sensitive to central bank rhetoric, and any changes in monetary policy can temporarily increase pressure on Bitcoin's price. This creates additional volatility and requires miners and investors to be prepared for rapid changes in the situation.
The Role of Institutional Investors
Interest from large corporations in Bitcoin continues, limiting the depth of possible market downturns. According to Tom Lee, even amid increased volatility, the crypto market may use corrections as an accumulation phase before a new growth impulse. This means institutional investors continue to support the market, reducing risks for miners and other participants.
Glassnode Analysts' Opinion
Earlier, Glassnode analysts emphasized that for Bitcoin to exit the bearish trend, it needs to hold above the $95,000 mark. Without this consolidation, the asset remains vulnerable to macroeconomic events and market fluctuations. This condition is important for miners and investors to consider in order to understand prospects and risks in the near future.
Why This Matters
For miners with varying numbers of devices, understanding Tom Lee's and Glassnode analysts' forecasts helps assess possible market development scenarios. Bitcoin's sensitivity to monetary policy and central bank actions means that changes in economic policy can affect mining profitability and the value of mined cryptocurrency. Additionally, sustained interest from large corporations reduces the likelihood of sharp declines, which is important for the stability of mining operations.
What Miners Should Do
- Monitor key Bitcoin price levels, especially $95,000 and $100,000, to respond promptly to market changes.
- Consider the impact of monetary policy and central bank rhetoric, which can temporarily increase volatility.
- Use correction periods as opportunities for accumulation or optimizing mining processes ahead of potential growth.
- Pay attention to institutional investor activity, as their interest supports the market and limits the depth of downturns.
