Bitcoin Bulls Declare Victory: Analyst Reveals Next Critical Price Target for 2026

A prominent market analyst warns that Bitcoin's recent consolidation above $70,000 is a deceptive calm, with a sharp 10% correction looming as the next major hurdle. Despite bullish momentum returning, this critical resistance level must be breached to validate the resurgence and propel the digital asset back toward six-figure valuations, reigniting the broader crypto bull run.

3 Green Candles Says Bitcoin Bulls Are In Charge

Since the decline began back in February, Bitcoin has been hard-pressed to complete consistent green days. In fact, since January 2026, the cryptocurrency has been unable to complete three full days in the green. That is, until now, as the recent recovery trend shows that bullish sentiment has returned once again.

Crypto analyst Master Ananda highlights this development as important in showing that the bulls have now taken over control of the Bitcoin price. The three green daily candles, the analyst believes, are confirmation that a new rally has arrived.

Not only are the three consecutive daily candles confirming another rally, but the crypto analyst also says that Bitcoin will put in a higher high this week, meaning that the local uptrend will be confirmed in its entirety. This suggests that the price will stay above $70,000 through to the end of the week.

The recovery has now set the Bitcoin price inside a rising wave pattern. If this wave is confirmed, it would mean that the months of accumulation and sideways price movements have now come to an end for Bitcoin. Not only this, but it sets the tone for a major recovery rally.

The first of the targets set for Bitcoin from here lies at the $80,000 level. There is expected to be some resistance here, but this will likely not stop the rally. Once this area is surmounted, then Master Ananda expects the Bitcoin price to rise until it stops at around $100,000.

As for the rest of the market, they have so far followed Bitcoin’s lead, and the most likely outcome is that altcoins will rise as BTC does. The crypto analyst points to this, saying that altcoins are already reacting positively, and thus, this is expected to continue.