Bitcoin has been encountering some steep falls lately. The price of BTC has been on a roll since the start of 2026, driving up and down constantly, pressurizing the markets all across. While 2025 witnessed the peak of Bitcoin when the asset peaked at $120K, investors are once again hoping for the token to unleash its potential, spiking up to break its earlier high. But when will Bitcoin rally in 2026?
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Bitcoin Wipes Out 2026 Gains
The start of 2026 has been tumultuous, to say the least. The markets have been under tight pressure, primarily due to the rising geopolitical uncertainties spurred by Donald Trump’s decision as US president to “buy” Greenland. At the same time, the markets are also anticipating interest rate cuts to continue adding pressure to the dollar, projecting a softer USD era to continue for a while. A blend of such activities has led the markets to go into a frenzy, with Bitcoin unable to score high in the process.
In addition to this, per the latest post by Walter Bloomberg on X, Bitcoin has ended up wiping out all the gains that the asset had acquired in 2026, leaving investors to question when Bitcoin will rally this year. Furthermore, Bloomberg was quick to add how nearly $490M flowed out of the US-listed Bitcoin ETFs, projecting the amount of frenzy that the markets are currently experiencing.
“BITCOIN WIPES OUT 2026 GAINS. Bitcoin has erased all gains made since the start of 2026 as investors retreat from risk. After rising as much as 12% earlier, the cryptocurrency fell to around $87,000. Nearly $490 million flowed out of the U.S.-listed Bitcoin ETFs in one day, signaling weakening confidence. Analysts warn Bitcoin could soon test key support between $80,000 and $84,000 amid geopolitical tensions and market volatility.”
The Bullish Forecast Remains High
Per a recent forecast by CoinCodex, Bitcoin may rally soon, particularly peaking around February 2026, in its quest to hit the $102K price mark.
“According to our latest Bitcoin price prediction, BTC is forecasted to rise by 15.29% and reach $103,952 by February 21, 2026. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 24 (Extreme Fear). Bitcoin recorded 14/30 (47%) green days with 3.05% price volatility over the last 30 days.”
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