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Popular Analyst Predicts $37,500 Market Bottom For Bitcoin In 2026

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Stocks rose on Monday as major cryptocurrencies consolidated while investors looked for clues about a “Santa Claus Rally.”

cryptocurrency

+/- wins

Price (recorded at 20:20 ET)

Bitcoin (CRYPTO: Bitcoin)

-0.51%

$88,552.83

Ethereum (CRYPTO: ETH)

-0.51%

$3,019.10

XRP (CRYPTO: XRP)

-1.41%

$1.90

solana (CRYPTO: LEFT)

-0.37%

$126.34

dogecoin (CRYPTO: DOGE)

+0.38%

$0.1327

Bitcoin It briefly surpassed $90,000 but was unable to hold on to its gains and fell to around $88,000. The trading volume of the Apex cryptocurrency increased by 61% in the last 24 hours to $36 billion.

Ethereum While the transaction volume increased by 52%, there was a decrease of around $ 3,000.

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As of this writing, Bitcoin accounts for 59% of the market, while Ethereum’s dominance has exceeded 12%.

Shares of stocks linked to cryptocurrency Strategy Inc. (NASDAQ:MSTR) And Bitmine Dipping Technologies Inc. (NASDAQ:MONEY) closed the regular trading session with losses of 0.30% and 0.86%, respectively.

According to Coinglass, more than $200 million has been liquidated in the cryptocurrency market in the last 24 hours, and approximately $130 million in long liquidations have been erased.

Bitcoin’s open positions increased by 1.04% in the last 24 hours. Meanwhile, more than 66% Binance Investors with open BTC positions took long positions according to the Long/Short Ratio.

According to the Crypto Fear and Greed Index, a feeling of “Extreme Fear” prevailed in the market.

Top Earners (24 Hours)

Cryptocurrency (Market Cap>100 Million Dollars)

+/- wins

Price (recorded at 20:20 ET)

Humanity Protocol (H)

+42.63%

$0.2061

River (RIVER )

+14.84%

$5.40

aloe (ALEO)

+13.28%

$0.1615

Capitalization of the global cryptocurrency market has reached $3 trillion after a modest decline of 0.48% in the last 24 hours.

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Stocks started the holiday-shortened week positively. Dow Jones Industrial Average It rose 227.79 points, or 0.47%, to 48,362.68. S&P 500 The technology-weighted index increased by 0.64% to 6,878.49. Nasdaq Composite It finished the day at 23,428.83 with an increase of 0.52%.

Investors are watching closely to see if this will happen. “Santa Rally”– An upward trend in stock prices will occur during the last five trading days of December and the first two trading days of January.

Ali MartinezA widely followed cryptocurrency analyst and trader has predicted that Bitcoin’s next market bottom will be around October 2026 at $37,500 in about 288 days.

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Blockchain analysis firm CryptoQuant noted that Bitcoin’s network activity mirrors the 2018 bear market, with fewer active addresses, declining transactions and lower fees.

“Historically, the contraction of highly active addresses signals a pullback by traders and institutions, reinforcing the transition into quiet accumulation phases that precede future volatility,” the firm added.

Photo Courtesy: Shutterstock/Sodel Vladyslav

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This article Bitcoin, Ethereum, Dogecoin Trade Steady, XRP Slips: Popular Analyst Predicts $37,500 Market Bottom for Bitcoin in 2026 originally appeared Benzinga.com

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