Arete Capital Partner: Bitcoin has faced difficulty in reaching a new high this year, but is expected to surpass $150,000 in the second half of next year

BlockBeats News, November 14th, Arete Capital partner McKenna pointed out in the market outlook that in the short term, Bitcoin still has a significant pullback space, with a potential maximum decline of 31%; but in the long term, institutional hodling and fund inflows will drive the price to hit a new all-time high in the next few years.

McKenna stated that Bitcoin has broken below the weekly 50-period moving average, which may trigger further downward pressure. The potential support levels include $96,200 (a high-volume node), $93,300 (yearly open price and midpoint of the range), and the range of $86,000–$91,000 (a full retracement would correspond to about a 31% pullback). He pointed out that the price has received support around $92,000 twice, which is typically seen as a preferable phased entry position.

Although a correction is expected in the short term, McKenna emphasized that he would view the pullback as an opportunity to hodl spot positions. He believes that Bitcoin may not hit a new all-time high until 2025, but the price is expected to rise to over $150,000 in the second half of 2026 and break above $200,000 before the end of Trump's presidential term. He expects institutional demand, increased ETF holdings, and a new round of fund inflows in 2026 to be key drivers of the long-term uptrend.