Bloomberg Analyst Sparks Debate Over Whether $126K Could Mark Bitcoin’s Cycle Peak

Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, has joined an ongoing discussion on X questioning whether $126,000 could represent a potential all-time high for Bitcoin in the current market cycle. The debate was sparked by commentary from @biancoresearch and @DREZDNN, who raised the possibility that the $126K level — previously referenced in market projections — could act as a cycle peak rather than a stepping stone to higher prices. Balchunas responded by questioning whether the market is prematurely labeling $126,000 as a top, highlighting the uncertainty around cycle dynamics, institutional flows, and liquidity conditions that continue to shape Bitcoin’s price action. source: https://www.binance.com/en/square/post/35186679137850?utm_source=BinanceNewsRSS