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Godfrey Benjamin

Bitwise CEO Sees Bitcoin Retesting $126,000 ATH as Market Cycles Point to Q1 2026 Recovery

Bitwise CEO Hunter Horsley argues that the current Bitcoin drawdown, including a roughly 25% drop from its $126,000 all-time high, fits a recurring crypto market pattern. He points to Bitcoin's 12% decline in Q1 2025 followed by rebounds in Q2 and Q3, and expects a broader recovery in Q1 2026 as total crypto market capitalization has fallen from about $4.20 trillion to $2.97 trillion. Other analysts such as Tom Lee and Julien Bittel also highlight oversold signals and historical precedents for a rebound, though some place the timeline closer to mid-2026.
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