Analysts at the cryptocurrency investment company Grayscale believe that Bitcoin’s price will reach a new all-time high in the first half of 2026.
The firm’s employees believe the four-year cycle in the BTC market will not repeat itself, as during the bull run that ended in October 2025, the cryptocurrency’s price exceeded the level recorded the previous year by no more than 240%. During previous uptrends, this figure was at least 1,000%.
BTC price increase as a percentage compared to the value recorded a year ago
Given the changed dynamics of Bitcoin’s price fluctuations, experts predict a price increase next year, rather than a decline, as would be expected if the cycle were to follow a four-year cycle. Grayscale’s staff attributes this positive outlook to the growing demand for alternative means of storing capital observed worldwide and the clarification of regulations governing the circulation of digital assets in the United States.
We expect Bitcoin’s price to rise in 2026 and end the so-called four-year cycle, which refers to the theory that the cryptocurrency market repeats a four-year pattern. We believe the BTC price will reach a new all-time high in the first half of the year, the company’s employees concluded.
If Grayscale analysts are correct, Bitcoin’s price will surpass $126,272, considered the coin’s all-time high, between January and June. If they are wrong and the four-year cycle continues, BTC will decline to approximately $35,000 in 2026, taking into account the previously observed weakening of the bearish trend.