Matt Mena, an analyst at digital asset investment company 21Shares, said that the conditions are beginning to form for Bitcoin to rise towards the $100,000 level in the fourth quarter of 2026. Mena stated that while price fluctuations may continue in the short term, Bitcoin’s potential for a renewed rise is strengthening.
According to the analyst, Bitcoin could retest the $75,000 level in the near term. Despite the possibility of such a pullback, Mena stated that the likelihood of BTC regaining the $80,000 level has increased. He predicted that Bitcoin could rise to $82,000 by the end of the month if current market conditions remain supportive.
Mena’s assessment indicates that the Bitcoin market simultaneously presents a short-term correction risk and a medium-term bullish outlook. The $75,000 level stands out as a potential support point, while a resurgence above $80,000 could be considered a significant technical development for the market.
The analyst’s target of $100,000 for the fourth quarter requires Bitcoin to experience a significant rise from its current levels. Therefore, investors are expected to closely monitor the price’s potential movements around $75,000 and its sustained position above $80,000 in the coming period.
It is estimated that if Bitcoin reaches $82,000 by the end of the month, the market outlook could strengthen further before the fourth quarter. However, due to the high volatility of the cryptocurrency market, short-term price movements may differ from analyst predictions.
According to 21Shares analyst Matt Mena, the current outlook suggests an increasingly favorable environment for Bitcoin to initiate a new uptrend towards $100,000 in the fourth quarter.
*This is not investment advice.