Although Bitcoin’s price has fallen nearly 30% from its all-time high, discussions around the “super cycle” continue to heat up into early 2026. As of now, Bitcoin (BTC) is trading around $92,231, in a critical zone where bullish and bearish forces are fiercely contesting. The market generally believes this level could serve as an important springboard to retake $100,000 or could trigger a pullback to the $80,000 level.
From a medium- to long-term indicator perspective, Bitcoin’s one-year price change is currently approximately -4.5%. Overall, this figure remains in a relatively rare range historically and has not fully confirmed a bear market structure. Looking back at previous cycles, Bitcoin has experienced brief periods of negative annual returns before bull runs, followed by strong rebounds. The cycle low in March 2020 is a typical example, after which BTC achieved over a 16-fold increase within just over a year.
However, a single indicator is not enough to determine if the trend has reversed. Analysts point out that the two-year simple moving average (SMA) is also crucial, with current support around $84,500. Analyst Joao Wedson warns that once this level is broken, Bitcoin could face deeper downside risks. According to the liquidation heatmap, liquidity is concentrated in the $86,000 to $90,000 range, with significant liquidity accumulation also present near $81,000 below.
From a sentiment perspective, the market remains optimistic. Community voting sentiment indicators show that over 80% of participants still hold a bullish outlook on Bitcoin’s medium-term trend. Additionally, Zhao Changpeng recently mentioned on social platforms that a “super cycle may be brewing,” attributing part of this to marginal improvements in the US regulatory environment. This view further reinforces market expectations.
Overall, Bitcoin is currently at an important crossroads. If the annual return turns positive again and key technical supports are maintained, BTC could enter a new upward phase; otherwise, caution is warranted for a phase of correction. In the context of coexistence between super cycle expectations and technical battles, the price performance in the coming weeks will be particularly critical.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin and Ethereum Spot ETFs Record Consecutive Net Inflows; BTC ETFs Reach $99.08B in Assets
Abstract: Bitcoin and Ethereum spot ETFs posted net inflows on Apr 21, extending multi-day streaks. BTC inflows were led by BlackRock’s IBIT and Grayscale, with GBTC outflows; ETH inflows were led by ETHA, with ETHE outflows.
Summary: Bitcoin and Ethereum spot ETFs posted Apr 21 inflows, extending gains; BTC led by IBIT and Grayscale with GBTC outflows, NAV $99.08B (6.54%). ETH inflows topped by ETHA, ETHE outflows; NAV $13.66B, inflows $12.05B.
GateNews17m ago
Expert Observes a Bullish 90-Day Bitcoin Pattern Repeating, BTC Could Hit $145,000 ATH Target
Expert observes a bullish 90-day Bitcoin pattern repeating.
He declares accumulation phase complete and expects manipulation phase to start.
BTC could hit $145,000 ATH target in the final distribution phase.
The crypto market has been moving in an upwards direction after weeks of
CryptoNewsLand17m ago
GSR Launches First Multi-Asset Crypto ETF, BESO, on Nasdaq with BTC, ETH, SOL Holdings
GSR launches the first actively managed multi-asset crypto ETF (BESO) on Nasdaq, exposing BTC, ETH, and SOL with integrated staking and weekly rebalancing for a 1% fee.
Abstract: GSR has launched its first multi-asset crypto ETF, the GSR Crypto Core3 ETF (BESO), on Nasdaq. The fund holds Bitcoin, Ethereum, and Solana and offers integrated staking within the fund, alongside active management with weekly rebalancing and a 1% management fee. This marks GSR's expanded foray into crypto ETFs and asset management services, signaling the growing adoption of actively managed, staking-enabled crypto vehicles in the U.S.
GateNews30m ago
American Bitcoin Powers On 11,298 Additional ASIC Miners
Gate News message, April 22 — American Bitcoin, a Bitcoin mining company backed by the Trump family, announced it has brought 11,298 additional ASIC miners online.
The company distinguishes between total mining hardware holdings, which
GateNews57m ago
$78,000 BTC Price Support Level Reclaimed, Bitcoin Could Be Entering Bullish Reversal Stage
Bitcoin reclaiming $78k fuels a bullish reversal narrative and potential altseason, with bulls eyeing new ATHs up to $126k–$140k while bears warn of a fake pump before a cycle bottom.
Abstract: The article discusses Bitcoin reclaiming the $78,000 level as a potential bullish reversal that could spur altcoin rallies, outlining bullish and bearish forecasts, possible new ATHs, and rising market optimism.
CryptoNewsLand3h ago
Abraxas Capital Adds 54 BTC, Expanding Long Position to $5M on Hyperliquid
Abraxas Capital boosted its BTC long by 54 BTC (~$4.2M) in two hours, taking longs to $5M at $77,450 avg. After closing shorts on April 12, it began a rolling long build-up.
Abraxas Capital increased BTC exposure on Hyperliquid by 54 BTC in two hours, signaling a rolling long build-up after closing shorts.
GateNews4h ago
