After the big swings in October and November, Bitcoin has been fluctuating within the range of $85,000 to $90,000 in recent weeks. Many analysts are saying that the market currently lacks the factors that can truly drive the trend, and these sideways days may continue for a while.

Gerry O'Shea, head of the Global Market Insights Department at Hashdex, is quite representative: "Although the Federal Reserve's policy adjustments or new developments in crypto legislation in Congress in the coming weeks might bring some positive signals, for now, Bitcoin is still oscillating within the range."

Another voice comes from the Financial Research Center under Charles Schwab. The head of the crypto division, Jim Ferraioli, is more conservative—he hasn't set a specific target price for Bitcoin, but he believes that overall, 2026 still holds opportunities. However, from the crypto market perspective, that year might be relatively "flat."

Ferraioli also added a perspective that this round of adjustment is actually a necessary stage for asset maturation. He recalled: "Starting from the bottom in November 2022, Bitcoin surged all the way to the record high of $126,000 set in October last year, increasing eightfold in three years. The market is now digesting this huge surge and needs time to settle."