Bitcoin Hits New All-Time High at $111,861.22, Analysts Predict $315,000 by 2026

Bitcoin has surged to a new all-time high of $111,861.22, breaking out of a weeks-long trading range between $104,000 and $107,800. This significant move has sparked renewed bullish sentiment in the market, with analysts predicting further gains.

Mike Alfred, a former tech CEO, has shared his optimistic outlook for Bitcoin's future. He anticipates that the cryptocurrency could reach between $200,000 and $315,000 by early 2026. Alfred's prediction is based on the observation that this current bull cycle is primarily driven by institutional investors, unlike previous cycles that were heavily influenced by retail investors and online hype.

Alfred notes that this cycle has been characterized by periods of price consolidation, which have led to a slower pace of growth. However, he believes that Bitcoin is on the verge of another breakout, with the potential to climb into the $130,000–$150,000 range in the coming months. He also suggests that Bitcoin could reach $180,000–$200,000 later this year, with a 25–30% chance of hitting $200,000 in 2025. According to the analyst's forecast, Bitcoin could reach $300,000 to $315,000 in the first half of 2026, as this market cycle may end up being longer and less predictable than those before it.

In the short term, Bitcoin faces immediate resistance around $109,000 to $110,000. While the overall trend remains positive, experts suggest a short-term pullback or consolidation could happen before a clean breakout. Key support levels to watch are $102,000 for immediate support, and a stronger zone between $96,000 to $98,000 if a deeper correction occurs. A 3-day candle close above $110,000 is required to confirm the next big rally.