Opinion: Bitcoin at $250,000 in three months would be a 'worst-case scenario'
A potential Bitcoin (BTC) rally to $250,000 this year could result in risks rather than gains, warns macro analyst Mel Mattison.
“The worst that could happen is if cryptocurrency soars to $250,000 and the S&P hits $8,000 in just three months,” the analyst shared during an interview with crypto entrepreneur Anthony Pompliano.
Mattison noted that in such a case, an “explosive peak” would have begun: investors would have exited en masse to take profits, after which the market would have declined.
A jump in price from the current $102,870 to $250,000 would represent a gain of more than 140%, according to CoinMarketCap.
Healthy Rotation
Mattison's statement came just days after Bitcoin fell below $100,000 for the first time in four months on November 4.
“We're seeing healthy rotation, healthy movement. We're approaching very interesting levels in some of the channels I'm looking at,” the expert noted.
Bitcoin has fallen 16.39% over the past 30 days. Source: CoinMarketCap.
Just a month ago, BitMEX co-founder Arthur Hayes and BitMine chairman Tom Lee reiterated their bullish predictions, stating that Bitcoin could still reach $250,000 by the end of the year.
November has historically been one of the most profitable months for the world's leading cryptocurrency, with an average return of 42%. At the current price of around $103,000, this would mean growth to $145,000 by the end of the month if the trend continues, according to CoinGlass.
Bear Market in 2026?
This scenario is consistent with the forecast of Canary Capital CEO Stephen McClurg. He expects Bitcoin to rise to $140,000–$150,000 by the end of the year, followed by a new bearish phase in 2026.
However, not all analysts share this point of view.
Related: Strategy issues new euro-denominated preferred shares to buy Bitcoin
Mattison, on the other hand, expects Bitcoin to reach $150,000 only by February 2026.
Bitwise Chief Investment Officer Matt Hougan is confident that 2026 will be “another year of growth” for digital gold, defying the prevailing theory of four-year cycles.
In turn, Galaxy Digital CEO Mike Novogratz noted at the end of October that for Bitcoin to soar to $250,000 by the end of the year, “the stars literally have to align.”
Source: cryptonews.net
